{
  "id": 14040085,
  "title": "Seadrill secures contracts worth over $514 million for rigs",
  "url": "https://urgent.news/2026/10/12/seadrill-secures-contracts-worth-over-514-million-for-rigs",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-12T20:24:41.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/seadrill-secures-contracts-worth-over-514-million-for-rigs-93CH-4945186"
  },
  "original_language": "en",
  "account": "Bermuda-based Seadrill Limited has secured multi-million dollar contracts for four of its drilling rigs, according to a press release. The company confirmed contracts worth around $420 million for the West Carina in Indonesia, valid for approximately 880 days with options for an additional 880 days. In Malaysia, the West Capella's priced options were exercised, extending operations by 120 days and adding about $41 million in contract value. Unpriced options added another 120 days, increasing value by about $53 million. In Angola, Seadrill Holding Ltd's joint venture with Sonangol E.P. extended operations for the Sonangol Libongos by roughly three years. Lastly, in the U.S. Gulf, the Sevan Louisiana secured a 25-day contract with Kosmos, commencing in November. CEO Samir Ali stated that the West Carina contract marks achieving the company's goal of re-pricing legacy contracts to current market rates. Over 85% of the fleet's drillship days are booked for 2027.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}