Seadrill Completes Divestment of Jack-Up Rigs

Seadrill Completes Divestment of Jack-Up Rigs

Issuer

Seadrill Limited

Hamilton, Bermuda, June 25, 2024 - Seadrill Limited ("Seadrill" or the
"Company") (NYSE & OSE: SDRL) today announced that it has completed the
previously disclosed sale of three jack-up rigs-the West Castor, the West
Telesto and the West Tucana-and its 50% equity interest in the joint venture
that operates these rigs offshore Qatar to Seadrill's joint venture partner Gulf
Drilling International for cash proceeds of $338 million.

About Seadrill
Seadrill is setting the standard in deepwater oil and gas drilling. With its
modern fleet, experienced crews, and advanced technologies, Seadrill safely,
efficiently, and responsibly unlocks oil and gas resources for national,
integrated, and independent oil companies. For further information, visit
www.seadrill.com.

Contact
Lydia Brantley Mabry
Director of Investor Relations
[email protected]

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