Petrobras lets rigs contracts to Seadrill for work offshore Brazil

Dec. 26, 2024
Petrobras has let contracts to Seadrill Ltd. for two drilling rigs for work offshore Brazil.

Petrobras has let contracts to Seadrill Ltd. for two drilling rigs for work offshore Brazil. 

The ultra-deepwater drillship West Tellus was awarded a 1,095-day contract for Sépia and Atapu fields in the Santos basin. The contract program, expected to contribute about $498 million to Seadrill’s order backlog, including additional services and excluding a mobilization fee of $41 million, is scheduled to begin in first-quarter 2026. The contract contains an optional period of up to 305 additional days. 

Petrobras is operator of both fields, with a 65.7% interest in Atapu field and a 55.3% stake in Sépia field.

The operator also recontracted the ultra-deepwater drillship West Jupiter for 1,095-days. 

The contract will contribute about $493 million to Seadrill’s order backlog, including additional services and excluding a mobilization fee of $31.5 million. The program is expected to begin in first-quarter 2026.

Both drillships are currently on contract with Petrobras for work offshore Brazil.