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June 23, 2022

Seadrill secures contract extensions worth $361m for three jack-up rigs

AOD I, AOD III, and West Callisto will now be committed until June 2025, December 2025, and November 2025, respectively.

Seadrill has secured contract extensions worth $361m for three jack-up rigs for offshore work in the Arabian Gulf region.

The three rigs are the AOD I, AOD III, and West Callisto.

According to a company statement, the new contracts carry a firm term of three years. The deals will commence as a direct continuation of the current contracts.

With the new contracts, the three rigs will be committed to June 2025, December 2025, and November 2025, respectively. 

The rigs are currently working for Saudi Aramco.

Seadrill CEO Simon Johnson said: “We are pleased to be extending these rigs in the Arabian Gulf, solidifying Seadrill’s strong market share and further extending our impressive backlog. These contracts demonstrate the value customers place on Seadrill’s operational performance and safety record.

“The extensions also reflect the commitment and energy of our crews onboard the AOD I, AOD III, and West Callisto and the shorebase teams that support them.”

All three rigs are independent Leg Cantilever Jack-ups. AOD I and AOD III have been operational in the Arabian gulf while West Callisto worked in Asia Pacific and the Arabian Gulf.

They can operate at a maximum water depth of 400ft and can drill up to 30,000ft.

Seadrill focuses on providing offshore drilling services to the petroleum industry. The company operates a fleet of 30 rigs including drillships, semi-submersibles, and jack-ups.

In April, Sonadrill, Seadrill’s joint venture (JV) with an affiliate of Sonangol, received a ten-well contract in Angola.

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