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U.S. Gulf Buoyed After Recent Lease Sale



December 17, 2025–Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)–Deepwater-focused Seadrill Limited (London, England) said Tuesday it awarded two months-long contracts for its drilling rigs off the U.S. Gulf Coast, the only source of oil production growth to next year.

Seadrill said it awarded LLOG Exploration (Scott, Louisiana) a contract to use the West Neptune rig for drilling off the U.S. Gulf Coast. The ultra-deepwater drillship can operate in waters as deep as 12,000 feet, or roughly 7.5 miles. The vessel is already in the U.S. territorial waters of the Gulf.



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