What is Seadrill's norway — drilling units, net?

Seadrill (SDRL) reported norway — drilling units, net of $406M in Q4 2025.

What does norway — drilling units, net mean?

This metric measures the net book value of the fleet of drillships, semi-submersible rigs, and jack-up rigs deployed within the Norway geographic segment, after accounting for accumulated depreciation. It represents the capital intensity of the company's regional operations and the scale of physical assets committed to the local market. Tracking this value helps investors assess the company's asset allocation strategy and the remaining economic life of the regional drilling fleet.

Seadrill SDRL Norway — Drilling Units, Net

Other geography segments

Brazil

$1.43B—

United States

$678M—

Similar metrics at other companies

APANorth Sea — Net Property and Equipment

$570M-19.9%

SSD

SSDNorway — Long-Lived Assets

$2.05M+19.2%

LINENorway — Gross amount at which carried, buildings and improvements

$54M+45.9%

PTENDrilling Services — Total Assets

$1.82B-9.1%

APANorth Sea — Additions to Net Property and Equipment

$3.25M-68.3%

HPUnited States — Property, plant and equipment, net

$2.3B-12.4%

Other financials

Income statement

See full

Revenue$358.0M+6.9%

Operating income$24.0M+33.3%

Net income-$7.0M+50.0%

EPS (diluted)-$0.11+52.2%

Balance sheet

See full

Cash & equivalents$329.0M-23.5%

Total debt$631.0M+2.1%

Total equity$2.9B-2.0%

Total assets$4.0B-1.7%

Cash flow

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Operating cash flow-$22.0M+18.5%

CapEx$13.0M-71.1%

Free cash flow-$35.0M+51.4%

Valuation

See full

Market cap$2.49B+82.8%

Enterprise value$2.79B+80.4%

P/S1.7×+0.7×

Profitability

See full

Operating margin3.8%-22.3pp

Net margin-4.8%-32.3pp

FCF margin-7.5%-1.8pp

Returns & leverage

See full

Return on equity-2.4%-15.2pp

Debt / equity0.2×0.0×

Current ratio1.9×-0.1×

Where this comes from

Reported directly by Seadrill in its filing.

Tagged under the XBRL concept sdrl:DrillingUnitsNet.

The official record: Seadrill’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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What is Seadrill's norway — drilling units, net?: Seadrill (SDRL) reported norway — drilling units, net of $406M in Q4 2025.
What does norway — drilling units, net mean?: This metric measures the net book value of the fleet of drillships, semi-submersible rigs, and jack-up rigs deployed within the Norway geographic segment, after accounting for accumulated depreciation. It represents the capital intensity of the company's regional operations and the scale of physical assets committed to the local market. Tracking this value helps investors assess the company's asset allocation strategy and the remaining economic life of the regional drilling fleet.