Seadrill is now back after completing restructuring

John Fredriksen's rig company Seadrill has now completed its restructuring after a year-long process.

Photo: Photo: Seadrill

Drilling rig company Seadrill on Monday finally wrapped up an almost year-long restructuring process.

The company, listed in New York and Norway, and which has Norwegian shipping magnate John Fredriksen as chairman, in September 2017 buckled under a heavy debt load and subsequently filed for Chapter 11 bankruptcy protection.

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