On the Record · Seadrill
Seadrill acquisitions, on the record
The businesses Seadrill bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Aquadrill LLCWord for word“On April 3, 2023, Seadrill completed the acquisition of Aquadrill.” 20-F for 2023 | acquisition | April 3, 2023 | — |
Paratus Energy Services LtdWord for word“The sale of our entire 35% shareholding in Paratus Energy Services Ltd (" PES ") was completed on February 24, 2023.” 20-F for 2023 | divestiture | February 24, 2023 | — |
three tender-assist units (T-15, T-16, and West Vencedor)Word for word“Sale and purchase agreements for these assets were executed on May 19, 2023, with an agreed aggregate sale price of $84 million.” 20-F for 2023 | agreed divestiture | May 19, 2023 | $84 million |
seven jackup units in the Kingdom of Saudi Arabia (KSA Business) sold to ADESWord for word“The Jackup Sale closed on October 18, 2022, with ADES now owning the rigs AOD I, AOD II, AOD III, West Callisto, West Ariel, West Cressida , and West Leda , as well as the drilling contracts related to the rigs.” 20-F for 2023 | divestiture | October 18, 2022 | — |
West ProsperoWord for word“On November 23, 2024, Seadrill executed a Sale and Purchase Agreement with Petrovietnam Drilling & Well Service Corporation to divest the West Prospero for cash proceeds of $45 million.” 10-K for 2024 | divestiture | — | $45 million |
Gulfdrill rigsWord for word“The closing of the sale occurred in June 2024, and a gain of $203 million, net of transaction costs, was recognized in the second quarter of 2024 associated with the disposal of these assets.” 10-K for 2024 | divestiture | The closing of the sale occurred in June 2024 | a gain of $203 million, net of transaction costs |
PESWord for word“The $42 million cash provided by investing activities during the year ended December 31, 2023 was due to net proceeds of $43 million received on disposal of PES in February 2023, $24 million net cash received as a result of the Aquadrill acquisition, $84 million cash received on disposal of the tender-assist units, and $14 million from the disposal of equipment.” 10-K for 2024 | divestiture | February 2023 | $43 million |
tender-assist unitsWord for word“The $42 million cash provided by investing activities during the year ended December 31, 2023 was due to net proceeds of $43 million received on disposal of PES in February 2023, $24 million net cash received as a result of the Aquadrill acquisition, $84 million cash received on disposal of the tender-assist units, and $14 million from the disposal of equipment.” 10-K for 2024 | divestiture | — | $84 million |
| Fiscal year ended | Cash received from selling businesses |
|---|---|
| 2017-12-31 | $170 million |
| 2019-12-31 | $0 |
Deal filings since 2016
- 2026-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-06-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Seadrill’s annual reports (10-K for 2025, 10-K for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.