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.
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Seadrill pushes delivery of new rigs and vessels
For subscribers
Seadrill reduced its deficit in the first quarter
For subscribers
Seadrill: We'll exit the downturn a stronger company
For subscribers