Le Lézard
Classified in: Oil industry, Environment, Transportation, Business
Subject: ERN

SDRL - Seadrill Limited Announces Fourth Quarter 2019 Results


OSLO, Norway, Feb. 27, 2020 /PRNewswire/ --

Highlights

Subsequent Events

Anton Dibowitz, CEO, commented:

"We close 2019 maintaining our strong operating track record, adding in excess of $1bn to backlog during the quarter and making continued progress in our ESG focus. I am particularly pleased that we finished 2019 with an improved rating of Seadrill's activities by the independently assessed Carbon Disclosure Project and that we achieved a world first in respect of DNV Battery (Power) class notation on the West Mira.

We have seen a broad-based market recovery through 2019, led by the harsh environment segment, followed by the high specification jack-up and the benign environment ultra-deepwater segments. The pace of the recovery has slowed as we enter 2020, however we expect to see continued improvement as the year progresses.  

Our first bank maturities do not fall due until Q2 2022, however we took the initiative to engage in a dialogue with our banks at an early stage to address capital structure challenges relative to current trading conditions. We have been engaged in a productive dialogue with the lead banks throughout the fourth quarter and into 2020 and we expect to provide a fuller update at the appropriate time."
 

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Contact:
ir@seadrill.com

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https://news.cision.com/seadrill-limited/r/sdrl---seadrill-limited-announces-fourth-quarter-2019-results,c3047050

The following files are available for download:

https://mb.cision.com/Public/18925/3047050/b458ab0522985e52.pdf

Seadrill Limited Q4 2019 Fleet Status

https://mb.cision.com/Public/18925/3047050/90a833ae818b17a9.pdf

Seadrill Limited Q4 2019

 

SOURCE Seadrill Limited


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