Seadrill Limited

Seadrill Limited is a publicly traded offshore drilling contractor providing services to the global oil and gas industry. The company's mission is to deliver safe, efficient, and reliable offshore drilling services that maximize value for its customers and stakeholders in challenging environments. While incorporated in Bermuda, Seadrill maintains operational headquarters in Houston, Texas.

Seadrill specializes in the ownership and operation of high-specification floaters, including drillships and semi-submersible rigs, for operations in shallow to ultra-deepwater areas across both benign and harsh environments. The company provides contract-based drilling services to a diverse client base, including oil super-majors, national oil companies (NOCs), and independent oil and gas companies. Its primary market focus is within the "Golden Triangle" regions of the U.S. Gulf of Mexico, Brazil, and West Africa, alongside a significant presence in the North Sea.

In recent news, Seadrill announced contract awards with LLOG Exploration Company LLC worth approximately $260 million for two rigs in the U.S. Gulf in April 2026, and a significant contract extension with Petrobras for its West Polaris drillship in Brazil, adding approximately $480 million to its backlog. The company reported its full-year 2025 results in February 2026, with a net loss of $77 million. Samir Ali was appointed Chief Executive Officer on March 12, 2026. Seadrill positions itself as a leading deepwater driller, controlling approximately 12% of the global high-specification floating rig market, emphasizing fleet quality, technological advancements, and disciplined capital structure.