Seadrill wraps up Aquadrill takeover

Offshore staff

HAMILTON, Bermuda — Seadrill has completed its acquisition of Aquadrill LLC, which is now a wholly owned subsidiary of the company.

The combination creates an offshore driller with a modern and high-spec fleet, a streamlined cost structure and well-positioned for further growth, Seadrill said, with a contract backlog totalling $2.6 billion.

The fleet is also one of the industry’s youngest and most technologically advanced, the company claimed, comprising 12 floating rigs (including seven seventh-generation drillships), three harsh environment rigs, four benign jackups and three tender-assisted rigs.

A further seven rigs will be managed under strategic partnerships.

Seadrill expects the enlarged fleet to broaden its deployment options in the Golden Triangle regions around the Atlantic.

04.04.2023