Crisis-stricken rig company Seadrill expects to complete its rescue plan, which restructures debt totaling billions of dollars and which caps an almost year-long fight to survive, about a month from now.
Since September last year Seadrill has been fighting to secure continued operations after the downturn in the oil sector pushed the drilling company to the verge of bankruptcy. But the problems now look set to be resolved for Seadrill and founder John Fredriksen.
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