Petrobras lets drillship contracts for work offshore Brazil

Petróleo Brasileiro SA (Petrobras) has let a 1,064-day fixed-term contract to Seadrill Ltd. for each of the West Auriga and West Polaris drillships for work offshore Brazil.

The contracts are expected to start fourth-quarter 2024 and represent a total contract value of about $1.1 billion, inclusive of additional services and mobilization fees. The West Auriga and the West Polaris will transition to Seadrill from the existing third-party managers before undertaking the campaigns with Petrobras.