# Seadrill

> Seadrill Limited is a Houston-based, Bermuda-incorporated offshore drilling contractor supplying rigs, crews and drilling services to national, integrated and independent oil companies worldwide. Its floater-focused fleet and integrated managed pressure drilling capabilities sit alongside a history of two Chapter 11 restructurings and a renewed emphasis on capital discipline.

- **Founded:** 2005
- **Headquarters:** Houston, United States
- **Founders:** John Fredriksen (Founder and founding chairman)
- **Products:** Offshore contract drilling, Integrated managed pressure drilling, Rig management services
- **Notable:** Established in 2005 and listed on the Oslo Stock Exchange that year., Completed the Aquadrill acquisition in April 2023., Reports more than 100 managed pressure drilling wells delivered.

## Products & services

- **Offshore contract drilling** — Rig, equipment and crew services supplied primarily through dayrate contracts; a floater-focused portfolio includes drillships and semi-submersibles, alongside a harsh-environment jackup.
- **Integrated managed pressure drilling** — Pressure-control equipment integrated with rig operations and trained crews; Seadrill reports more than 100 MPD wells and nine MPD-equipped rigs.
- **Rig management services** — Management of affiliate-owned drilling assets, including drillships operated for the Sonadrill joint venture.

## Achievements

- Established in 2005 and listed on the Oslo Stock Exchange that year.
- Completed the Aquadrill acquisition in April 2023.
- Reports more than 100 managed pressure drilling wells delivered.
- Reported Q2 2026 economic utilization of 95.5%.
- October 2026 disclosures reported more than 85% of available 2027 drillship days contracted.

## Latest updates

- **2026-10** — Announced West Carina’s approximately $420 million Indonesian award, Malaysia and Angola extensions, and a short Kosmos contract in the U.S. Gulf.
- **2026-08** — Q2 revenue was US$449 million and net income US$29 million; full-year revenue and adjusted EBITDA guidance increased.
- **2026-03** — Samir Ali became president and CEO on March 12, succeeding Simon Johnson.
- **2026-02** — Reported fiscal 2025 revenue of US$1.437 billion and a US$77 million net loss.

## Links

- Website: https://www.seadrill.com/
- LinkedIn: https://www.linkedin.com/company/seadrill/
- Twitter/X: https://twitter.com/seadrillltd
- Instagram: https://www.instagram.com/seadrillltd/
- Facebook: https://facebook.com/Seadrill/

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Profile page: https://yespress.io/seadrill
Published by YesPress — https://yespress.io
Last updated: 2026-10-23