Sonadrill Bags $327 Million Contract Extension for 12 Wells in Angola

Sonadrill. Image Credit_Seadrill

The development comes as Angola – Africa’s largest producer of crude oil – seeks to expand exploration activities to address its depleting output due to natural declines in legacy projects.

Simon Johnson, CEO, Seadrill, said: “Sonadrill remains strategically important for the development of the Angolan oil and gas sector. Sonadrill is the number one rig operator in Angola and this new contract will generate significant free cash flow for the joint venture which will ultimately flow to Seadrill and Sonangol as shareholders.”

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Onur Yilmaz

Onur Yilmaz

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