The Results Are In - worldofseadrill.com

1 west Auriga delivers for BP during well completionHow our performance KPIs have improved during COVID-19 ISSUE 3 2 0 2 0 THE WORLD OFWest Saturn secures ExxonMobil contract offshore BrazilTHE RIG WILL COMMENCE OPERATIONS ON THE NEW CONTRACT IN JANUARY 2021 ISSUE 3 2 0 2 032 INTROTHE WORLD OF SEADRILLC ontentsThank you for your resilience, your focus and your as an organization. It s hard on all of us, yet ultimately, it s something that we have to do in order to create a sustainable the challenges that we have all been facing, we have found ways to adapt to our new circumstances, and many of us have learned new ways of working, as well as more about our colleagues and ourselves. On pages 12 and 13 we look at what we ve learned and taken from our experiences in recent health and wellbeing of our people is always going to be our first priority. So whether you re on an extended stay offshore or you re working from home until we can get back into our offices watch out for each other, stay measured and take you for your focus on delivering safely and efficiently and thank you for your continued commitment and resilience during this Dibowitz, CEOThe World of seadrill exists to inform, update, enrich and celebrate success.

2 Please send in your news, comments, feedback and ideas. The deadline for submissions for the next edition is July 24, 2020. The World of seadrill is printed on environmentally friendly paper. If you require The World of seadrill in an alternative format such as large print, please email us. This publication (or any part thereof) may not be reproduced, transmitted or stored in print or electronic format (including, but not limited to, any online service, database or part of the internet), or in any other format in any media whatsoever, without the prior written consent of the Communications Director, who can be contacted at Communications Director: Iain Cracknell, seadrill Management Ltd Editor: Claire Freear, email: Publisher: Simon Wilding We are currently going through what is without doubt the toughest cycle that I have experienced in my time in the industry. We have been through challenging times before, but this cycle, which has been characterized by both an oil supply and demand shock, has been incredibly tough on all of us in the said, we have a great fleet and we have the best people in our business.

3 By continuing to show the seadrill spirit, we will work through this together as we have done so before. We continue, worldwide, to have many of you working offshore on extended stays and many of you continuing to work remotely onshore. I cannot say it enough I want to thank each and every one of you for your heroic efforts and for the dedication that you ve shown in continuing to support and deliver our operations in these extremely demanding times. The market challenges that we re facing mean that we re having to make difficult decisions, both in terms of how we re structured as a business and also regarding the size of our organization. Personally, for me, this is the hardest thing that we have to west Saturn secures ExxonMobil contractPerformance KPIs improve duringCOVID-19 west Elara is CoP s Rig of the MonthHow Supply Chain s keeping the fleet fully stockedWhat we ve learned from the pandemicTalking Time with Enrique Campos on the west Titania3456-712-13 How you re continuing to step up during COVID-198-9 west Saturn has secured a two-well firm contract with ExxonMobil to operate offshore Brazil beginning January contract win is a recent highpoint for seadrill , given the current challenging market conditions in the offshore drilling contract duration is up to three years, which includes an optional third well which will be a record in terms of water depth if the option is tasks and contract preparation projects are currently idle (apart from what can be done remotely) given the recent closure of the Trinidad borders.

4 However, Frederic Heriteau, west Saturn Rig Manager, is confident that despite the current impact of COVID-19, the team will be able to complete all tasks prior to the rig sailing to Brazil in late November. Hopefully, and according to the latest information from the Trinidad government, the borders should reopen around the end of July and we will be able to resume normal work, obviously with a strict screening and quarantine protocol in place, says Frederic. The pandemic has seriously impacted our operations. Although we have not encountered any issue receiving parts or equipment, we cannot man the rig with enough personnel to complete all projects required during an SPS. Prior to the borders closing, all projects were going as planned and Exxon representatives were on board working along with the crew through contract preparation and acceptance March 18, Exxon and their third-party auditors disembarked with the latest possible crew change, and daily communication through emails and calls is now maintained to progress as much as possible until borders personnel have completed extended hitches on the west Saturn since then, and Frederic praises them for their resilience, professionalism and dedication shown during this time.

5 It is amazing how the guys have kept morale up and have maintained great performances despite the long hitches and the stress of being away from their loved ones for such a long time, he tells us. We finally managed to organize a charter flight Friday, May 8, and we sent 50 Brazilians back home. The guys strength during this stressful period has been amazing, and I cannot thank them enough. We are all looking forward to recommencing operations when borders reopen and will be fully focused on completing the SPS safely and efficiently by the end of October. The two firm wells, Opal-1 and Titan-1, are in the Santos and Campos basin, almost 300 km southeast of Rio de Janeiro, Brazil. The optional third well, Sergipe, is farther north in Sergipe state and will be a record 3,668 meters (12,036 ft) deep, a record water depth for an offshore drilling rig. west SATURN SECURES CONTRACT OFFSHORE BRAZIL FROM JANUARY 2021 NEWS14-154 ISSUE 3 2 fi 2 fiTHE WORLD OF SEADRILL54 THE WORLD OF SEADRILL54 NEWSNEWSP erformance KPIs improve during COVID-19 Since mid-2019, new performance KPIs have been measuring the efficiency of key operations on our rigs, including tripping speed, casing speed and how quickly the BOP is KPIs have been steadily improving fleet-wide since records began.

6 That improvement trend has accelerated during the pandemic. Since March, our operational performance has improved by , according to the stats in Leil, Head of Performance Enhancement, tells us that although the performance KPIs measure the raw speed of key metrics, what you re really measuring is the efficiency of the rig and how well they re executing the client s drilling program. During COVID we have defied logic and made some impressive gains. Now, at the same time, if you look at technical uptime (which is not part of the performance KPIs), April was the best month that we ve had out of the last twelve. These Results show a renewed level of dedication and focus among our crews. Recent global events have only made our job more difficult, so what has been achieved offshore in recent weeks is remarkable. I d like to thank and congratulate them for their efforts and for the resilience they ve demonstrated during this time. New quarterly and annual awards for Performance KPI Champions will be announced in the coming months, based on the individual rig KPIs measured in Insight.

7 The west Elara has been awarded ConocoPhilips Rig of the Month twice already year-to-date, in February and March, and came a close second in of the five rigs that compete for the award, the winner is the rig with the best operational performance and zero high-potential incidents (HIPOs). The operational performance score measures all aspects of the drilling operation. In February and March, the west Elara consistently performed strongly across all Pedersen, Assistant Rig Manager, believes that their performance is a direct result of sharing lessons learned across the rig teams. We have reduced the average BOP test time to one and a half hours by working with and learning from the west Linus, he says. Our performance has been excellent, and by being committed and proactive, we are continuously improving our value to the client and our company. Jakel believes that their performance in recent months is the fruit of all the hard work being done offshore.

8 They have also seen a significant reduction in downtime along with a better control of Non Conformance in P1 the challenges they have been facing during the coronavirus pandemic, optimism appears to be strong on the rig. Morale on board the west Elara is great, Jakel tells us. From the beginning, we have seen Norwegians stepping in when personnel have been stuck outside of Norway or in quarantine. I want to thank the team for their positive attitude throughout, and I hope we can continue to deliver in this way going forward. west Elara is Rig of the Month twice year-to-dateWEST CAPELLA PERFORMANCE RECOGNIZED BY PETRONASP etronas has awarded the west Capella with a recognition trophy for their performance throughout their latest operations in the Lala-1 RDR-2 exploration well in the South China Sea presented the rig team with a series of unique only was the well located in a particularly high-traffic stretch of water, which is claimed by several countries, but the well itself presented challenges to the drilling team because the pore pressure and fracture pressure were so close to each other.

9 This particular exploration well required the implementation of specific narrow margin procedures, which had to be managed with extreme attention to detail, explains Liam Powell, Rig Manager. The team s operational discipline was flawless, and they managed the process safely and efficiently. These complications were faced by the crews at the peak of the ongoing pandemic, when many crew members had been on board for approaching three months. The west Capella crew handled the situation remarkably well, Liam says. They remained focused on the task at hand while dealing with the extra stress of being away from their loved ones, without having planned and prepared for these extreme circumstances. And despite this tremendous adversity, they managed to deliver a best-in-class, incident-free well and US$10 million under budget. Petronas Head of Wells, David Lawrence, wrote, A diverse multinational team consisting of crew from 22 different countries has managed to successfully deliver a very complex deepwater well in an unprecedented working environment, in the face of multiple unique threats and the COVID-19 pandemic while working up to 90 days continuously.

10 west Auriga delivers record-beating performanceA fter successfully completing the drilling campaign in the Mad Dog Phase 2 campaign for BP, the west Auriga team recently swapped into completions mode for the first time in nearly two years. The majority of completions took place during the pandemic, yet the team took the challenges in their stride and continued to deliver top-tier performance throughout, including a record-beating completion for the third first well was successfully completed on February 27 and came in under the financial expenditure forecast by 17 days. The rig then shifted the BOP to the next completion and delivered the second-best dual-zone, non-intelligent completion in the Gulf of Mexico at a depth greater than 25,000 this second well, COVID-19 was starting to impact global operations, and new procedures and precautions were being adopted by the crew daily, yet they were able to maintain their HSE focus and deliver a strong third well was completed in 34 days on May 19 with a best-in-class performance for like wells, beating the previous record by over 11 days.