{
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  "organisationId": "O-fe3dc95f9b324b9581caae0e42c6b0e5",
  "slug": "seadrill-ltd",
  "name": "Seadrill Ltd",
  "updatedAt": "2026-10-02T11:55:25.536239Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "Seadrill Ltd. is an offshore drilling contractor serving the oil and gas industry. It owns and operates drillships and semi-submersible rigs for drilling in shallow- to ultra-deepwater and benign and harsh environments, and also provides management services. [P118203331] Its fleet and operations span regions including Brazil, the U.S., Norway, Namibia, Angola and Singapore. [T8772315]\n\nSeadrill describes its objective as unlocking energy safely, efficiently and responsibly for clients globally, and its vision as setting the standard in deepwater oil and gas drilling. [P53222093][P102139721] For scale, FY2025 operating revenue was $1.437 billion, and the company reported approximately 3,000 employees at year-end 2025. [T3925677][https://www.seadrill.com/wp-content/uploads/2026/06/2026-05-20-Seadrill-2025-Sustainability-Report.pdf]\n[P118203331][T8772315][P53222093][P102139721][T3925677][https://www.seadrill.com/wp-content/uploads/2026/06/2026-05-20-Seadrill-2025-Sustainability-Report.pdf]",
      "updatedAt": "2026-10-02T11:55:25.536239Z"
    },
    {
      "type": "PRODUCTS",
      "text": "Seadrill’s principal offering is offshore drilling under contracts that typically bundle a rig, crew and supplies with mobilization, demobilization, and customer-required preparation or modifications. The company operates drillships, semi-submersibles and jackups for drilling in a range of water depths and environments. [P79431746][P155387873]\n\nIts fleet includes ultra-deepwater drillships such as West Carina (12,000-ft design water depth; 37,500-ft drilling depth) and West Gemini (10,000 ft; 37,500 ft), and semi-submersibles such as West Eclipse (10,000 ft; 40,000 ft) and Sevan Louisiana (10,000 ft; 35,000 ft). West Elara is a jackup with listed design water depth of 492 ft and drilling depth of 35,000 ft. [T8772315] West Vela is a seventh-generation dual-activity drillship; its listed equipment includes NOV top drives and mud pumps, a 7-ram 15,000-psi blowout preventer, and managed-pressure drilling equipment. [https://www.seadrill.com/wp-content/uploads/2024/11/2024-10-West_Vela.pdf]\n\nSeadrill also offers management services to certain affiliates, and some rigs can support intervention and plug-and-abandonment work in addition to drilling; the company described the Trendsetter intervention system aboard Sevan Louisiana as enabling those services. [P155387873][P155778609] In Q2 2026, reported revenue comprised $355 million of contract revenue, $19 million reimbursable, $67 million management-contract and $8 million leasing revenue—approximately 79%, 4%, 15% and 2% of the $449 million total, respectively. These are revenue categories, not a breakdown by rig or individual service. [T17919707]\n[P79431746][P155387873][T8772315][P155778609][T17919707][https://www.seadrill.com/wp-content/uploads/2024/11/2024-10-West_Vela.pdf]",
      "updatedAt": "2026-10-02T11:55:25.536239Z"
    },
    {
      "type": "GEOGRAPHY",
      "text": "Seadrill’s reported rig footprint spans the Americas, Africa, Asia and Europe. Its fleet-status table dated December 31, 2025 listed six units in Brazil and three in the United States, as well as units in Angola, Singapore, Namibia and Norway; these are reported fleet locations at that date and do not necessarily indicate active drilling. [T8772315] In 2026 Q2 reporting, the company referred to rigs operating in Brazil and the U.S. Gulf, the West Capella starting work in Malaysia in March 2026, and Quenguela operating in Angola. [P155388075][P155388149][P155388169]\n\nSeadrill lists offices in Houston, Liverpool and Rio de Janeiro; its careers information identifies Houston as the corporate office and Liverpool as its Global Shared Service Center. [https://www.seadrill.com/contact/][https://www.seadrill.com/careers/onshore/]\n[T8772315][T8772315][T8772315][T8772315][T8772315][T8772315][T8772315][T8772315][T8772315][T8772315][T8772315][T8772315][T8772315][T8772315][T8772315][P155388075][P155388149][P155388169][https://www.seadrill.com/contact/][https://www.seadrill.com/careers/onshore/][https://www.seadrill.com/contact/][https://www.seadrill.com/careers/onshore/]",
      "updatedAt": "2026-10-02T11:55:25.536239Z"
    },
    {
      "type": "SEGMENTS",
      "text": "Seadrill reports one operating segment, representing 100% of reported revenue. Its focus is worldwide offshore drilling services, including operating drilling units for customers; the company manages the business on a consolidated basis rather than reporting separate segments by rig type. [P116724571][P100595399]\n\nFor context, FY2025 revenue by type—not segment—was contract revenue 75.8%, management contract revenue 17.7%, reimbursable revenue 4.0%, leasing revenue 2.3%, and other revenue 0.2% of total operating revenue of $1,437 million. [T12727594][T12727594][T12727594][T12727594][T12727594][T12727594]\n[P116724571][P100595399][T12727594][T12727594][T12727594][T12727594][T12727594][T12727594]",
      "updatedAt": "2026-10-02T11:55:25.536239Z"
    },
    {
      "type": "HISTORY",
      "text": "Seadrill was incorporated in Bermuda in 2005 and expanded rapidly through acquisitions, including Smedvig in 2006, Eastern Drilling in 2007 and Scorpion Offshore in 2010, building a larger international offshore-drilling fleet. [https://www.sec.gov/Archives/edgar/data/1386990/000091957418004722/d7948627_13-d.htm] [https://www.sec.gov/Archives/edgar/data/1021232/000119312506057819/dex99aii.htm] [https://www.sec.gov/Archives/edgar/data/1351413/000091957410005287/d1129311_6-k.htm] In 2011, it transferred harsh-environment drilling activities to North Atlantic Drilling, and in 2012 Seadrill Partners completed an IPO as a separate vehicle for selected drilling assets. [https://www.sec.gov/Archives/edgar/data/1351413/000091957411002671/d1187349_6-k.htm] [https://www.sec.gov/Archives/edgar/data/1351413/000135141315000005/R35.htm]\n\nSeadrill and affiliates filed for Chapter 11 bankruptcy protection in September 2017 and completed a restructuring in July 2018. [https://www.sec.gov/Archives/edgar/data/1351413/000119312517283179/d451092d6k.htm] The company filed for Chapter 11 again in 2021, emerging in February 2022 under a new capital structure; its shares subsequently began trading on the NYSE and Oslo Børs. [P153053517] [P153053533] [https://ir.seadrill.com/news/news-details/2023/Seadrill-Limited-SDRL-Fourth-Quarter-2022-04-05-2023/default.aspx]\n\nIn April 2023, Seadrill completed its acquisition of Aquadrill, formerly Seadrill Partners, through a merger. [P153047448] In 2024, it sold its Qatar jack-up assets and Gulfdrill interest, followed by the sale of the jack-up West Prospero. [P55175867] [P106132177]",
      "updatedAt": "2026-10-02T11:55:25.536239Z"
    }
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