Seadrill Joint Venture Secures Two Contracts in Angola with Drill Ships.
ByAinvest
Monday, Aug 25, 2025 7:54 am ET1min read
SDRL--
The first contract, awarded to the West Gemini drillship, is with Sonangol Exploração & Produção, S.A. The estimated duration of this contract is 284 days, with the program expected to commence in late 2025 or early 2026 [2]. The second contract, awarded to the Sonangol Libongos semi-submersible rig, is with Azule Energy Angola B.V. The estimated firm term of this contract is 525 days, with an additional priced option beyond the initial term, and the program is expected to commence offshore Angola in the third quarter of 2025 [2].
These contracts position the joint venture for long-term success and highlight Seadrill's commitment to providing services to a diverse range of clients, including oil super-majors, state-owned national oil companies, and independent oil and gas companies. Seadrill also offers management services, earning a management fee for providing operational and technical support to Sonadrill [2].
The contracts align with Seadrill's strategy to expand its presence in Africa and capitalize on the growing demand for offshore drilling services in the region. The company's modern fleet, experienced crews, and advanced technologies enable it to safely and efficiently unlock oil and gas resources for its clients [2].
References:
[1] https://www.offshore-energy.biz/shelf-drilling-rig-staying-one-year-longer-with-chevron-in-angola/
[2] https://www.businesswire.com/news/home/20250825031601/en/Seadrill-Announces-Contracts-in-Angola-for-Sonadrill-Joint-Venture
Seadrill Limited, an offshore drilling contractor, has secured two contracts in Angola for its joint venture. The contracts will utilize drill ships and semi-submersible rigs for operations in water depths ranging from 1,000 to 12,000 feet. The company provides services to oil super-majors, state-owned national oil companies, and independent oil and gas companies, in addition to offering management services.
Seadrill Limited, a leading offshore drilling contractor, has secured two significant contracts in Angola for its joint venture, Sonadrill Holding Ltd. The contracts will involve the utilization of drill ships and semi-submersible rigs for operations in water depths ranging from 1,000 to 12,000 feet [2].The first contract, awarded to the West Gemini drillship, is with Sonangol Exploração & Produção, S.A. The estimated duration of this contract is 284 days, with the program expected to commence in late 2025 or early 2026 [2]. The second contract, awarded to the Sonangol Libongos semi-submersible rig, is with Azule Energy Angola B.V. The estimated firm term of this contract is 525 days, with an additional priced option beyond the initial term, and the program is expected to commence offshore Angola in the third quarter of 2025 [2].
These contracts position the joint venture for long-term success and highlight Seadrill's commitment to providing services to a diverse range of clients, including oil super-majors, state-owned national oil companies, and independent oil and gas companies. Seadrill also offers management services, earning a management fee for providing operational and technical support to Sonadrill [2].
The contracts align with Seadrill's strategy to expand its presence in Africa and capitalize on the growing demand for offshore drilling services in the region. The company's modern fleet, experienced crews, and advanced technologies enable it to safely and efficiently unlock oil and gas resources for its clients [2].
References:
[1] https://www.offshore-energy.biz/shelf-drilling-rig-staying-one-year-longer-with-chevron-in-angola/
[2] https://www.businesswire.com/news/home/20250825031601/en/Seadrill-Announces-Contracts-in-Angola-for-Sonadrill-Joint-Venture
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