Is Seadrill going out of business?
John Parsons
Updated on February 09, 2026
Is Seadrill going out of business?
Seadrill Partners filed for Chapter 11 bankruptcy in December 2020 as part of more than two dozen companies affiliated with John Fredriksen’s offshore rig operator Seadrill Limited, which itself filed for bankruptcy two months later. The company’s existing $2.8 billion in debt was converted to new equity shares.
How many rigs does seadrill?
34 drilling
Seadrill Limited owns 34 drilling rigs and we manage 11 rigs on behalf of SeaMex, Northern Ocean, Sonadrill and Aquadrill Offshore. We have the right fleet for the future by: Maintaining a young, high-quality and standardized fleet.
Is Seadrill a good investment?
The company has ~$220 million in annualized EBITDA and is biting the bullet by scrapping rigs while cutting debt. We expect, at a market cap of less than $1.1 billion post restructuring, Seadrill is a valuable investment.
Who is the largest offshore drilling company?
Transocean Ltd
Transocean Ltd is the largest offshore drilling contractor in the world. In 2020, the Switzerland-based company reported 3.15 billion U.S. dollars in revenues.
What happened sea drill?
Seadrill (OTCPK:SDRLF) recently went bankrupt for the second time in several years. The company recently proposed a debt writedown of more than $4.8 billion, or more than 86%, meaning the company would emerge with $750 million in debt and $300 million in fresh capital.
What is the meaning of Sdrl?
SDRL
| Acronym | Definition |
|---|---|
| SDRL | Subcontract Data Requirements List |
| SDRL | Specification and Description Language (computing) |
| SDRL | Subcontractor Data Requirements List |
| SDRL | San Diego Reference Laboratory (San Diego, CA) |
Who is the best drilling company to work for?
The Top 5 Drilling Rig Companies:
- Nabors Industries Ltd.
- Helmerich & Payne Inc.
- Patterson-UTI Energy Inc.
- Precision Drilling Corporation.
- Pioneer Energy Services Corp.
What is the largest drillship in the world?
Magellan
The Magellan is the largest drillship that GustoMSC has designed to date. The design backbone of the ship consists of the well-established and field-proven principles of its predecessors.
What is a Sdrl in contracting?
The Contract Data Requirements List (CDRL) is a list of authorized data requirements for a specific procurement that forms part of a contract. It is comprised of either a single DD Form 1423, or a series of DD Forms 1423 containing data requirements and delivery information.
What is the stock price of Seadrill limited?
Performance Outlook Market Cap 22.888M Beta (5Y Monthly) 2.39 PE Ratio (TTM) N/A EPS (TTM) N/A Earnings Date N/A
Who is the chairman of the Board of Seadrill?
Seadrill Limited (“Seadrill” or “the Company”) (OSE: SDRL) (OTCPK: SDRLF), announces that Glen Ole Rødland has notified Seadrill that he will be stepping down from the Board with immediate effect, having been Chairman since November 2019.
How is the share price of sdrl.f?
Stable Share Price: SDRL.F is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week. Volatility Over Time: SDRL.F’s weekly volatility has decreased from 24% to 11% over the past year.
Who are the issuers of Seadrill Senior Secured Notes?
Seadrill Limited (“Seadrill” or the “Company”) (OSE: SDRL, OTCPK:SDRLF) and the Issuer announce that restructuring discussions have continued with certain holders (the “Noteholders”) of the Issuer’s 12.0% senior secured notes due 2025 (the “Notes”) and good progress continues to be made.
Seadrill Limited (“Seadrill” or “the Company”) (OSE: SDRL) (OTCPK: SDRLF), announces that Glen Ole Rødland has notified Seadrill that he will be stepping down from the Board with immediate effect, having been Chairman since November 2019.
Where can I find autocomplete results on Seadrill?
When autocomplete results are available use up and down arrows to review and enter to select. Touch device users, explore by touch or with swipe gestures. Seadrill Limited provides offshore drilling services. The Company owns and operates semi- submersible rigs, deep-water drilling ships, semi-tenders, and jack-ups.
What is the harsh environment segment of Seadrill?
The Harsh Environment segment include both semi-submersibles and jack-ups that have a number of design modifications to be able to handle to weather conditions as seen in the North Sea and Canada.
