Seadrill today announced the ultra-deepwater drillship, West Polaris, was awarded a 1,095-day contract extension with Petrobras for the Búzios field in the Santos Basin, offshore Brazil.

The additional term adds approximately $480 million in contract backlog and is expected to commence in direct continuation of the current program in January 2028.

Additionally, the current contracted day rate has been updated as follows:

April 1, 2026 through March 31, 2027 - $409,200
April 1, 2027 through January 15, 2028 - $454,700

Seadrill’s President and Chief Executive Officer, Samir Ali, commented, 
"This award enhances Seadrill’s earnings visibility for a mature asset into the next decade. It provides significant value to both Seadrill and Petrobras, while strengthening our relationship with a valued, long-term partner.”

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