Seadrill gets 3-month extension for debt restructuring talks

Singapore

NEW York and Oslo-listed Seadrill, which is behind two rig orders valued in excess of US$1 billion with two listed offshore and marine groups here, has obtained a three-month extension from its lenders for restructuring talks.

Seadrill's two subsidiaries, North Atlantic Drilling and Sevan Drilling, have yet to take delivery of two rigs placed with Sembcorp Marine and Cosco Shipyard.