filecrux
Oct 12, 8:50 PM
$SDRL Seadrill, the offshore deepwater driller, won a ~
$420M, 880-day firm West Carina contract in Indonesia, ~15% of its ~
$2.89B market value at the
$46.16 Oct 9, 2026 close. Against that: the West Carina operator is undisclosed and no dayrate was given, and Elliott's Oct 8, 2026 13D/A shows it sold 534,471 shares from Sep 22 to Oct 8, cutting its stake to 3,108,641 shares (4.9%), though it keeps cash-settled swaps on 4,228,545 shares for ~11.7% combined economic exposure. The West Carina program is expected to start in 1H 2027.
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