Offshore

Seadrill extends contract with Petrobras

John Fredriksen's drilling company has extended a contract for a drilling vessel with Brazilian Petrobras. A rare piece of good news for struggling Seadrill, which is combating a debt burden of almost USD 11 billion.
Photo: Seadrill
Photo: Seadrill
BY DANIEL LOGAN BERG-MUNCH

Seadrill is currently going against a strong headwind, where the downturn on the offshore market in particular has put enormous pressure on the Norwegian-Cypriot shipping magnate John Fredriksen's drilling company.

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