Hamilton, Bermuda, November 26, 2021 - Seadrill Limited ("Seadrill" or "the
Company") (OSE:SDRL, OTCPK:SDRLF) announces today that it has secured two
contracts with Petroleo Brasileiro S.A. ("Petrobras") for the West Carina and
West Tellus rigs for work on the Búzios field offshore Brazil. Both contracts
have been signed on a 3-year fixed-term basis, with expected commencement in
September 2022. Total contract value for the two contracts is approximately
$549m (inclusive of mobilization revenue and additional services). 

Seadrill's Chief Executive Officer, Stuart Jackson, commented: "We are delighted
to continue our long association with Petrobras with the award of two 3-year
firm contracts for the West Carina and West Tellus on the Búzios field. Brazil
is a strategically important market for the offshore sector and I am pleased
that Seadrill will continue to play an increasingly significant role in the
coming years."

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
across the globe. Seadrill's high quality, technologically advanced fleet spans
all asset classes allowing its experienced crews to conduct its operations from
shallow to ultra-deep-water environments. The Company owns and/or operates 36
rigs, which includes drillships, jack-ups and semi-submersibles.

Seadrill is listed on the Oslo Børs and OTC Pink markets. For more information,
visit https://www.seadrill.com/.

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts. These
statements are made based upon management's current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company's regulatory filings and periodical
reporting. The Company undertakes no obligation to update any forward looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Media questions should be directed to: 
Sara Dunne
Director of Communications
communications@seadrill.com 
+ 1 281 630 7064

Analyst questions should be directed to:
Hawthorn Advisors 	
seadrill@hawthornadvisors.com	
+44 (0) 203 7454960

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