Seadrill writes down $2.9bn on rigs
Seadrill said more scrapping was likely and its Chapter 11 bankruptcy would last ‘for many months’ as it tried to agree a deal with creditors
Offshore driller Seadrill announced a $2.9bn impairment charge for last year after it filed for bankruptcy protection in Texas in February. The Fredriksen-controlled driller said demand would stay low this year, with some recovery in 2022
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