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The latest update is out from Seadrill Limited ( (SDRL) ).
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Seadrill Limited has been awarded a 1,095-day contract by Petrobras for the Sépia and Atapu fields in the Santos Basin, offshore Brazil. This contract will add approximately $498 million to Seadrill’s order backlog and is expected to begin in the first quarter of 2026, providing significant uplift to the company’s earnings and free cash flow.
More about Seadrill Limited
Seadrill Limited is a company that specializes in deepwater oil and gas drilling. It operates a modern fleet, employs experienced crews, and utilizes advanced technologies to safely and efficiently unlock oil and gas resources for national, integrated, and independent oil companies.
YTD Price Performance: -21.09%
Average Trading Volume: 1,013,842
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.56B
For an in-depth examination of SDRL stock, go to TipRanks’ Stock Analysis page.