Offshore drilling contractor Seadrill has secured a one-year contract extension for the drillship West Saturn after Equinor Brasil Energia Ltda—a subsidiary of Equinor—exercised a priced option for operations offshore Brazil.

The exercised option adds $114 million to Seadrill’s contract backlog and prolongs the original agreement through October 2027. The company said the contract commenced in 2022, and the latest extension keeps West Saturn working under the same framework for an additional year.

West Saturn is described as a 7th-generation, ultra-deepwater, dual-activity drillship. According to company specifications, the unit was built in 2014 by Samsung in South Korea and is based on the “Samsung 12,000” design. The drillship features DP3 station-keeping capability and provides accommodation for 200 personnel. It is designed for operations in water depths up to 12,000 ft (3,600 m).