Seadrill, an abroad boring specialist, is proactively in search of probabilities to broaden by way of property purchases or by combining with market friends, reported Reuters, declaring chief government officerSimon Johnson
Following a period of financial restructuring, the agency, as quickly as led by Norwegian- birthed billionaire John Fredriksen, is presently below the management of its lenders.
With an additional structured process, Seadrill’s chief government officer has really revealed ardour in getting “distressed assets” or enterprise with“distressed balance sheets”
He said: “We are not going to do anything crazy, we have proven our discipline.”
However, the amount of money cash the agency hangs on its annual report, “which some consider inefficient, gives us both a defensive buffer and a basis for offence”, Johnson included.
“We have not seen the end of consolidation in (the offshore drilling market).”
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