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Fredriksen's Seadrill books a deficit of almost USD 5bn

Drilling company Seadrill started 2021 with a deficit four times the size of that in 2019. The strained company continues to be in talks about a comprehensive rescue plan and still awaits approval of its Chapter 11 petition.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

Drilling company Seadrill, controlled by John Fredriksen, exits 2020 with an overall deficit of USD 4.66bn.

The deficit is more than four times as big than the one booked for 2019, in which it sat at USD -1.22bn.

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