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Seadrill Completes Divestment of Jack-Up Rigs

HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) today announced that it has completed the previously disclosed sale of three jack-up rigs—the West Castor, the West Telesto, and the West Tucana—and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner Gulf Drilling International for cash proceeds of $338 million.

About Seadrill

Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.

Contacts

Lydia Brantley Mabry
Director of Investor Relations
ir@seadrill.com

Industry:

Seadrill Limited

NYSE:SDRL
Details
Headquarters: Houston, Texas, USA
CEO: Simon Johnson
Employees: 2,600
Organization: PUB
Release Summary
SDRL completed the previously disclosed sale of three jack-up rigs and its 50% equity interest in the joint venture that operates them.
Release Versions
English

Contacts

Lydia Brantley Mabry
Director of Investor Relations
ir@seadrill.com

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