Seadrill Ltd

# Seadrill Ltd

Headquartered in Houston, Texas, Seadrill Limited operates a fleet of offshore drilling rigs that provide contract drilling services to the global oil and gas industry. The company owns and operates drill ships and semi-submersible rigs capable of working in shallow and ultra-deep water environments across both benign and harsh operating conditions. Its customer base includes major international oil companies, state-owned national oil companies, and independent explorers and producers.

Seadrill's service offerings are organized around rig types and operational capabilities rather than distinct business segments. The company's asset portfolio is deployed across multiple geographic regions, reflecting the global nature of offshore oil and gas exploration and development activities. The company employs approximately 3,300 full-time personnel to support fleet operations and management.

Seadrill was incorporated in 2005 and restructured in 2021 under the current operating name, Seadrill Limited. The organization operates in a capital-intensive industry characterized by high fixed costs, long-term service contracts, and cyclical demand tied to oil and gas exploration budgets and commodity price environments.