Business
Seadrill Announces Contracts in Angola for Sonadrill Joint Venture
HAMILTON, Bermuda, August 25, 2025--Seadrill Announces Contracts in Angola for Sonadrill Joint Venture
About this update from Seadrill Limited
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":270,"url":"https://media.zenfs.com/en/business-wire.com/172322432e102dc60e80b0c08c4a8807"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QY_e2qMJNmjY_w3ocl1EJg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/172322432e102dc60e80b0c08c4a8807","width":480,"height":270}},"lazy":false},{"type":"text","content":"HAMILTON, Bermuda, August 25, 2025--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced Sonadrill Holding Ltd ("Sonadrill"), its 50:50 joint venture with an affiliate of Sonangol E.P. ("Sonangol"), has been awarded two contracts, positioning the joint venture for long-term success.","length":363,"tagName":"p"},{"type":"text","content":"The West Gemini secured a contract with Sonangol Exploração & Produção, S.A. for work in Angola with an estimated duration of 284 days, expected to begin in late 2025 or early 2026.","length":185,"tagName":"p"},{"type":"text","content":"The Sonangol Libongos received an award from Azule Energy Angola B.V. with an estimated firm term of 525 days, plus priced options beyond this initial term. The program is expected to commence offshore Angola in the third quarter of 2025 in direct continuation of the current contract.","length":285,"tagName":"p"},{"type":"text","content":"There are currently three drillships bareboat chartered into Sonadrill, a Seadrill-owned unit, the West Gemini, and two Sonangol-owned units, the Sonangol Libongos and Sonangol Quenguela. Seadrill earns a management fee for providing management, operational and technical support to Sonadrill.","length":293,"tagName":"p"},{"type":"text","content":"About SeadrillSeadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.","length":333,"tagName":"p"},{"type":"text","content":"Forward-Looking StatementsThis news release includes forward-looking statements within the meaning of Section 27A of the Secur...