Seadrill fighting the clock to avoid receivership
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John Fredriksen's attempts to ensure a future for the prize asset in his empire, one of the world largest drilling companies, Seadrill, face more challenges than the company had anticipated. In the annual report for 2016, Seadrill talks openly about the risk of impending Chapter 11 proceedings, if the company is unable to settle a satisfactory deal with its creditors.
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