Analyst expects to see Seadrill in Chapter 11 a few months from now

The likelihood of Seadrill ending up in Chapter 11 receivership is high, projects an analyst. Seadrill recently asked for help from US authorities to ensure a financial restructuring of several subsidiaries.

Photo: PR/Seadrill

There is a high likelihood of rig operator Seadrill soon ending up in receivership, says Magnus Olsvik, analyst at Kepler Cheuvreux.

The analyst deems it probable that Seadrill will have to enter Chapter 11 in the US during the first half of the year, he tells Finansavisen. This comes after several subsidiaries have already applied for Chapter 11.

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