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SDRL Stock Soars 10% After JV Secures Nine-Well Contract

SDRL stock

SDRL stock is gaining solid momentum this morning after Seadrill Ltd (NYSE:SDRL) formed a 50-50 joint venture with Sonangol, securing a nine-well contract.

Key Details

As an offshore drilling company, Seadrill has made some highly impressive moves over the past few weeks. For an offshore oil driller, the main currency is the number of lucrative contracts it holds and hence today’s announcement is so crucial. The company today announced that it has entered into a lucrative joint venture with Sonangol, by of which it has been awarded a nine-well contract in Angola. The contract also has ...

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