EnergyWatch

Seadrill sees need for further consolidation in offshore market

Over the past few months, Seadrill has secured new financing and a number of contracts for the company's drilling rigs. However, there is still a need for additional rationalization and consolidation in the offshore industry.

Fartøjet West Tellus, som Seadrill har vundet en Shell-ordre til. | Photo: PR/Seadrill

After enduring a few tough years, the offshore industry can discern a glimmer of light at the end of the tunnel, but there is still a need for consolidation and restructuring in the sector.

This is the view advanced by rig company Seadrill in a third quarter market update.

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