Seadrill Limited (Seadrill) announces that the West Neptune has executed approximately six months of term extensions with LLOG Exploration Offshore, L.L.C (LLOG) in the US Gulf of Mexico. The extensions will commence in direct continuation of the existing term, and will keep the rig busy until Q3 2024, furthering Seadrill and LLOG’s long-term association.

Total contract value for the extension is approximately $79 million.

About Seadrill

Seadrill (NYSE & OSE: SDRL) is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill’s high-quality, technologically advanced fleet spans all asset classes allowing its experienced crews to conduct operations from shallow to ultra-deepwater environments.

About LLOG

LLOG Exploration Company L.L.C. is a privately-owned exploration and production company in the United States. LLOG’s corporate headquarters is in Covington, Louisiana and the Company has an office in Houston, Texas.