Seadrill Ltd (Seadrill) offers offshore drilling services to the oil and gas industry. The company operates a diverse fleet of drilling units, including drillships, semi-submersible rigs, and jackup rigs. Seadrill operates through a single business segment. As of December 31, 2025 Seadrill owns 15 drilling units, serving major customers such as Sonadrill, Petrobras, Var Energi, Equinor, ConocoPhillips and Lundin. Sonadrill accounted for 22% of the company revenue in FY2025, followed by Petrobras with 18%, Var Energi with 7%, Equinor with 7%, ConocoPhillips with 7%, and Others with over 39%.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Seadrill is focused on R&D initiatives that enhance safety, efficiency, and sustainability in offshore drilling. The company is deploying Advanced Generator Protection (AGP) technology to improve fuel efficiency and reduce emissions. Additionally, the company is also working on the integration of Starlink's high-speed connectivity, to enable real-time data transfer and remote monitoring to optimize operations. The company has implemented PLATO, an advanced data collection and analytics platform that monitors rig equipment. This platform has expanded to include drilling performance, condition-based maintenance and monitoring, customer data provision services, and environmental monitoring to support ESG and sustainability initiatives.