Seadrill Ltd reported a Q2 2023 operating revenue of $414 million, up 56% Q/Q, with economic utilization of 93%. The company also announced contract additions of around $203 million of order backlog during the quarter, bringing the total to roughly $2.6 billion. Seadrill also disclosed the potential sale of three jackup rigs and related stake in its 50:50 joint venture with Gulf Drilling International and sold its three tender-assist units to certain affiliates of Energy Drilling Pte. Ltd. for proceeds of around $85 million. The company authorized a share repurchase program to buy back up to around $250 million.