Seadrill has secured a long-term extension for its ultra-deepwater drillship West Polaris, keeping the rig on contract with Petrobras offshore Brazil beyond 2028.
The 1,095-day extension covers continued operations at the Búzios field in the Santos Basin and will begin immediately after the current contract ends in January 2028.
The deal adds about $480 million to Seadrill’s backlog. The company also said day rates for the ongoing program have now been set.
The 2000-built West Polaris will earn $409,200 per day from April 2026 through March 2027. That rate will rise to $454,700 per day from April 2027 until mid-January 2028.
Seadrill chief executive Samir Ali said the award supports longer-term utilization for the rig while reinforcing the company’s relationship with a key client.
