Debt-ridden Norwegian drilling company, Seadrill, which is owned by Norwegian billionaire John Fredriksen, is now ready with a draft for a restructuring plan after one year of work.
The plan arrives after the company made a USD 882 million impairment in the third quarter 2016 and thus reached a total debt of approximately USD 9 billion. The result in last year's third quarter came to a deficit of USD 656 million.
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