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Billionaire Fredriksen builds new rig unit amid Seadrill woes

Monday, March 20, 2017 - 05:50

Oslo

BILLIONAIRE John Fredriksen, already involved in tough talks to restructure the debt of Seadrill Ltd, is planning to register a new offshore rig company this week as he seeks to take advantage of depressed prices for the giant machines.

Northern Drilling, which is purely an

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