Seadrill announced that the exercised option has increased its contract backlog by $114 million and extended the original agreement, which began in 2022, through to October 2027.
Strengthening Partnership in Brazil
According to Simon Johnson, Seadrill’s president and CEO, “The extension of the contract for a sixth consecutive year strengthens our long-term partnership with Equinor in Brazil. We share a commitment to ensuring safe and reliable offshore operations in a strategically important region.”
The contract extension reflects the strong relationship between Seadrill and Equinor, underscoring their dedication to ensuring the safe and efficient operations of offshore projects in Brazil.