Sdrl -- Seadrill Limited Announces Contract Award For The West Gemini

Date : 07/17/2019 @ 9:05PM
Source : Dow Jones News
Stock : Seadrill Ltd (SDRL)
Quote : 1.35  0.0 (0.00%) @ 2:40PM

Sdrl -- Seadrill Limited Announces Contract Award For The West Gemini

Seadrill (NYSE:SDRL)
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6 Months : From Jun 2019 to Dec 2019

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   Hamilton, Bermuda, July 17, 2019 - Seadrill Limited ("Seadrill" or "the 
Company") has secured a nine well contract with three options, each for 
two wells, for the West Gemini in West Africa. Total contract value for 
the firm portion of the contract is expected to be approximately $84 
million with commencement expected in early Q4 2019 and running through 
Q4 2020. 
   This news release includes forward looking statements. Such statements 
are generally not historical in nature, and specifically include 
statements about the Company's plans, strategies, business prospects, 
changes and trends in its business, the markets in which it operates and 
its restructuring efforts. These statements are made based upon 
management's current plans, expectations, assumptions and beliefs 
concerning future events impacting the Company and therefore involve a 
number of risks, uncertainties and assumptions that could cause actual 
results to differ materially from those expressed or implied in the 
forward-looking statements, which speak only as of the date of this news 
release. Consequently, no forward-looking statement can be guaranteed. 
When considering these forward-looking statements, you should keep in 
mind the risks described from time to time in the Company's filings with 
the Securities and Exchange Commission, including its Annual Report on 
Form 20-F (File No. 333-224459). The Company undertakes no obligation to 
update any forward looking statements to reflect events or circumstances 
after the date on which such statement is made or to reflect the 
occurrence of unanticipated events. New factors emerge from time to time, 
and it is not possible for the Company to predict all of these factors. 
Further, the Company cannot assess the impact of each such factor on its 
business or the extent to which any factor, or combination of factors, 
may cause actual results to be materially different from those contained 
in any forward looking statement. 
   This information is subject to the disclosure requirements pursuant to 
Section 5-12 the Norwegian Securities Trading Act 

(END) Dow Jones Newswires

July 17, 2019 16:50 ET (20:50 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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