Seadrill Ltd. was awarded approximately $97.5 million in rig contracts for its West Vela and West Capella drillships, the company announced Jan. 29.

Talos Production Inc. awarded the West Vela an approximately $73.5 million contract in the U.S. Gulf of Mexico. Work on the West Vela will begin in the third quarter of 2024 and is expected to last 150 days.

An unnamed operator of the West Capella exercised a one-well option with the existing third- party manager of the drillship, extending its operations by approximately two months. The contract, with an approximate value of $24 million, is a direct continuation of the rig’s current program.

Seadrill has also been advised by the current manager of their West Auriga rig that due to changes in their client’s drilling sequence, the rig will be released in February 2024. Seadrill states it can now resume management of the rig in the first quarter of 2024, accelerating preparation for its previously announced contract in Brazil beginning in the second half of 2024.