Seadrill Secures $235 Million in New Rig Contracts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21 Jan 26
Source: Benzinga
Seadrill Ltd shares rose 8.48% as the company reached a 20-day high following the announcement of new contracts worth $235 million across three continents.
The contracts include a $157 million deal for the ultra-deepwater drillship West Capella in Malaysia, expected to commence in Q2 2026, and an $78 million accommodation contract with Equinor in Norway, starting in Q3 2026. Additionally, Seadrill extended its contract for West Carina in Brazil through April 2026, ensuring stable revenue and reflecting strong customer trust.
These developments significantly enhance Seadrill's revenue outlook and operational footprint, positioning the company favorably in key offshore markets.
Analyst Views on SDRL
Wall Street analysts forecast SDRL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SDRL is 44.20 USD with a low forecast of 32.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 37.260
Low
32.00
Averages
44.20
High
80.00
Current: 37.260
Low
32.00
Averages
44.20
High
80.00
About SDRL
Seadrill Limited is an offshore drilling contractor. The Company is engaged in providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drill ships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deepwater in both benign and harsh environments. Its fleet portfolio includes West Phoenix, West Aquarius, West Eclipse, Sevan Louisiana, West Capella, West Gemini, West Tellus, West Neptune, West Jupiter, West Saturn, West Carina, West Polaris, West Auriga, West Vela, West Castor, West Tucana, West Telesto, and West Elara. Its drill ships are self-propelled ships equipped for drilling offshore in water depths ranging from approximately 1,000 to 12,000 feet and are positioned over the well through a computer-controlled thruster system. Its customers include oil super-majors, state-owned national oil companies, and independent oil and gas companies. It also provides management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
