Seadrill Limited (Seadrill) has secured a two-year contract with Petroleo Brasileiro S.A. (Petrobras) for the West Tellus in Brazil.
Total contract value is expected to be approximately $170 million, inclusive of managed pressure drilling and ancillary services.
The contract is expected to start in 4Q 2019, in direct continuation of its current contract with Petrobras.
Source: SDRL