Fredriksen's Seadrill books a deficit of almost USD 5bn

Drilling company Seadrill started 2021 with a deficit four times the size of that in 2019. The strained company continues to be in talks about a comprehensive rescue plan and still awaits approval of its Chapter 11 petition.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

by ASTRID STURLASON

Drilling company Seadrill, controlled by John Fredriksen, exits 2020 with an overall deficit of USD 4.66bn.

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Seadrill files for Chapter 11 in the US for the whole group
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Seadrill files for Chapter 11 in the US for Asian subsidiaries
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Seadrill subsidiary lands forbearance agreement after parent company's Chapter 11 petition
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