Seadrill cancels delayed rig from South Korean shipyard
Seadrill has opted to cancel the contract for a new semi-submersible rig, which the drilling company had ordered at South Korean shipbuilder Hyundai Heavy Industries, according to a statement from the John Fredriksen-owned company. The rig was commissioned under somewhat different circumstances than the current offshore market conditions with low oil prices and a lack of demand from oil companies.
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