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OFS - Seadrill added $1B during 4Q19 to boost backlog to $2.5B - March 2020
Equinor exercised a five-well option for Seadrill Ltd.’s West Hercules semisubmersible on Feb. 26, adding about $70 million to the offshore drilling company’s backlog. Seadrill took in $1 billion in orders in 4Q19 and exited 2019 with a backlog of $2.5 billion, a $500 million increase from YE18. The West Hercules has been working for Equinor off Norway since last May, and the option will keep the semisub active until February 2021. Equinor also......
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