Offshore drilling company Seadrill announced the extension of its contract with Equinor Brasil Energia Ltda. for the ultra-deepwater drillship for the ultra-deepwater drillship West Saturn, consolidating its presence in the strategic Brazilian basin until October 2027.
As reported by the company, Equinor exercised a one-year purchase option, valued at US$114 million, which extends the current contract that began in 2022. This decision reinforces the continuity of operations in ultra-deep waters off the Brazilian coast, one of the most coveted areas for hydrocarbon exploration. for hydrocarbon exploration.
Long-term strategic cooperation
This extension marks the sixth consecutive year of collaboration between Seadrill and Equinor in Brazil. The company’s president and chief executive officer, Simon Johnson, noted that the agreement reflects the shared commitment between the two companies to ensure safe and reliable offshore operations and reliable offshore operations in a key energy supply region.
Brazil is consolidating its position as a vital hub on the global energy map thanks to its ultra-deepwater reserves. In this context, the West Saturn, built in 2014 and equipped with state-of-the-art technology, continues to be a central tool in Equinor’s exploration plans in the region.
Strengthening Seadrill’s portfolio
With this extension, Seadrill not only expands its operational projection in South America, but also increases its contract portfolio in an environment where the demand for efficient and safe offshore solutions continues to rise.
Source: Seadrill