Fredriksen's rig company lands lucrative contracts
North Atlantic Drilling, which is a subsidiary of ailing Seadrill, has won two lucrative contracts. The contracts are worth USD 1.4 billion and concern two rigs which have secured work in the Norwegian part of the North Sea for 10 years.
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While John Fredriksen fights tooth and nail to save Seadrill, subsidiary North Atlantic Drilling is able to present some good news.
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