Seadrill lost close to USD 200 million in fourth quarter

John Fredriksen's drilling company Seadrill finished 2019 with a new deficit, pushing its combined loss for the year to USD 1.2 billion. CEO expects improvements in 2020, even though "the pace of the recovery has slowed" at the start of the year.

Photo: PR/Seadrill

Drilling company Seadrill exits 2019 with a new major deficit, after a fourth quarter that also brought a loss.

Even though revenue grew by 8 percent and reached USD 398 million, this was not enough to ensure a positive result for its operations, which ended at a deficit of USD 93 million.

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