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Drilling competitor announces continuing rate records

Maersk Drilling can be happy that the Norwegian company Seadrill also sees big opportunities in the market. Furthermore, the company expects a strong development in the market for Jack-up-rigs which is a sector in which Maersk Drilling also plays a big role.

Seadrill, largely controlled by the rich Norwegian shipping tycoon John Frederiksen and a competitor to Maersk Drilling, surpassed the market's expectations in the first quarter. At the same time, Maersk Drilling can by happy that Seadrill also sees big opportunities in the market according to the Swedish financial news media Nyhetburån Direkt.

Seadrill had a turnover of USD 1.05 billion compared to an expected turnover of USD 1.031 billion ending with a pre-tax result of USD 480 million compared to an expected result of USD 444 million. Like Maersk Drilling, Seadrill has a major newbuildings programme in its pipeline. Many of these are intended for ultra-harsh environment or ultra-deep water which are also the segments focused on by Maersk Drilling.

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