PTTEP has hired Seadrill’s drillship West Capella for a 440-day campaign offshore Malaysia, scheduled to begin in 2Q 2026, as outlined in Seadrill’s latest quarterly results statement.
In the same update, Seadrill said deepwater demand is improving as customers shift toward longer-term programs, with tightening supply and the repricing of legacy contracts supporting stronger visibility into 2026 and momentum into 2027.
Across the drillship fleet, Seadrill also highlighted multiple contract extensions and new awards. The drillship West Saturn secured a one-year extension for Equinor offshore Brazil, with the continuation taking effect in October 2026, and an estimated value of $114 million. The drillship West Neptune received a 120-day contract valued at $48 million from LLOG for operations in the US Gulf of Mexico, expected to start in May 2026 in direct continuation of its current program. The drillship West Carina extended its Brazil program through April 2026, while Sonangol Quenguela is now working for TotalEnergies in Angola through February 2027 following an extension. An unnamed operator also contracted the semisubmersible Sevan Louisiana for two months starting in March 2026 in the US Gulf.
Separately, the jackup West Elara is set to provide accommodation services for Equinor offshore Norway and, from 3Q 2026, will be made available under an agreement with the current contract holder. TotalEnergies also received authorization from the Norwegian Ocean Industry Authority (Havtil) for permanent plug and abandonment operations on the Atla, Byggve and Skirne wells in the North Sea, with West Elara assigned to manage the campaign.
