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Seadrill Limited announced a new contract has been secured by Sonadrill Holding Ltd, the 50/50 joint venture with an affiliate of Sonangol E.P. Sonadrill has secured a twelve well contract with one option for nine wells and eleven one well options in Angola for the Sonangol Quenguela drillship. The total contract value for the firm portion of the contract is expected to be approximately $131 million with commencement expected in Q1 2022 and running to Q3 2023.
