Seadrill impairs for USD 1.8 billion

The third quarter interim report shows a massive deficit for John Fredriksen's drilling giant Seadrill. Large-scale impairments completely overshadow the company's revenue.

Photo: Seadrill

Offshore drilling rig company Seadrill suffered a deficit of USD 1.9 billion and had a revenue of USD 985 million for the third quarter. The result is primarily caused by impairments totaling USD 1.8 billion, according to the company's third quarter interim report.

CEO Per Wulff says of the result:

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