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Strained Seadrill books new contract in the Gulf of Mexico

Drilling company Seadrill, which is amid negotiations with its creditors, just secured new work for a drilling vessel in the Gulf of Mexico.

Photo: PR/Seadrill

John Fredriksen's drilling company Seadrill just secured a new contract for vessel West Vela, reports media Finansavisen.

The contract is valued at USD 23.8 million and could not come at a more opportune moment for the company, which is in the midst of negotiations with its creditors to secure long-term financing.

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