A segmented intershaft seal assembly for use between inner and outer shafts within a turbine engine is presented. The intershaft seal assembly includes annular end rings, an annular seal element with an inverted “T”-shaped cross section, at least one resilient element, an annular spacer ring, carriers, counterweights, and hydrodynamic grooves. The intershaft seal assembly is secured to the inner shaft. The resilient element(s) biases seal segments away from the inner shaft toward the outer shaft. The counterweights are disposed about the seal segments and substantially negate forces imposed by the seal segments outward toward the outer shaft. The hydrodynamic grooves are disposed along an inner annular surface of the outer shaft and direct fluid onto an outer surface along the seal segments when the outer shaft rotates. The hydrodynamic grooves form a thin-film layer and non-contact seal that separates the seal segments from the outer shaft which otherwise provide a contact-type seal.