Seadrill announces two new contracts for work offshore Angola

Seadrill Ltd. has announced that Sonadrill Holding Ltd., its 50:50 joint venture with an affiliate of Sonangol E.P., has been awarded two contracts for work offshore Angola.

The West Gemini drillship secured a contract with Sonangol Exploração & Produção, S.A. for work offshore Angola with an estimated duration of 284 days, expected to begin in late 2025 or early 2026.

The Sonangol Libongos drillship received an award from Azule Energy Angola B.V. with an estimated firm term of 525 days, plus priced options beyond this initial term. The program is expected to commence offshore Angola in the third quarter of 2025 in direct continuation of the current contract.

There are currently three drillships bareboat chartered into Sonadrill: a Seadrill-owned unit, the West Gemini; and two Sonangol-owned units, the Sonangol Libongos and Sonangol Quenguela.

Seadrill says it earns a management fee for providing management, operational and technical support to Sonadrill.