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Seadrill CFO warns of bad years for rig market

The market for rigs will suffer in the coming years, says Seadrill CFO Rune Magnus Lundetrae.

Photo: Seadrill

The drilling rig market can look forward to some bad years ahead, warns Seadrill CFO Rune Magnus Lundetrae.

Seadrill, the world's largest offshore drilling operator measured by market value, expects that the market will remain weak.

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