Seadrill Limited · NYSE:SDRL

Seadrill — Q1 2024 Earnings Presentation

7 slides from Seadrill's earnings presentation, May 15, 2024

  1. Slide 1: Fleet Status Report

    Fleet Status Report May 14, 2024

  2. Slide 2: Recent Commercial Activity

    Recent Commercial Activity Updates Since Date of Last Fleet Status Report The West Capella secured a one-well contract in South Korea, with an estimated duration of 40 days, valued at approximately $32 million, including a mobilization fee of approximately West Capella $10 million and excluding fees

  3. Slide 3: Contract Coverage

    Contract Coverage Firm contract Option Period Out-of-service time Contract preparation 2024 2025 2026 2027 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D Floaters Sevan Louisiana West Capella Sonangol Libongos1 West Vela Sonangol Quenguela1 West Gemin

  4. Slide 4: Fleet Contract Status

    Fleet Contract Status Rated Year Start End Dayrate Rig Name Type Water Location Customer Notes Built Date Date ($USD) Depth (Ft.) Floaters (14) Walter Oil & Sevan Louisiana 6G SS 2013 10,000 US GOM Apr-24 May-24 Undisclosed Gas Indonesia Undisclosed Jul-23 Aug-24 Undisclosed West Capella 6G DS 2008

  5. Slide 5: Fleet Contract Status (Floaters, cont.)

    Fleet Contract Status Rated Year Start End Dayrate Rig Name Type Water Location Customer Notes Built Date Date ($USD) Depth (Ft.) Floaters (cont.) West Jupiter 7G DS 2014 12,000 Brazil Petrobras Dec-22 Nov-25 258,209 West Tellus 7G DS 2013 12,000 Brazil Petrobras Jan-23 Jan-26 242,817 Nov-23 May-24

  6. Slide 6: Fleet Contract Status

    Fleet Contract Status Rated Year Start End Dayrate Rig Name Type Water Location Customer Notes Built Date Date ($USD) Depth (Ft.) Harsh Environment (3) West Phoenix 6G SS 2008 10,000 Norway Vår Energi Aug-21 Aug-24 359,000 Market West Elara CJ70 2011 492 Norway ConocoPhillips May-18 Mar-28 Indexed R

  7. Slide 7: Disclaimer

    Disclaimer This Fleet Status Report (“Report”) includes forward-looking statements within the meaning of U.S. federal securities laws. All statements other than statements of historical facts included in this Report, including, without limitation, those regarding Seadrill’s plans, business prospects

Seadrill — Q1 2024 Earnings Presentation on 6ix