Seadrill expects continued offshore drilling market recovery over rest of the year

Offshore drilling contractor Seadrill has seen an improvement in the offshore drilling market throughout 2019. Although the pace of the recovery has slowed down at the beginning of 2020, Seadrill expects continued market recovery over the remainder of the year.

According to its report on Thursday, Seadrill’s revenues in the fourth quarter of 2019 were $398 million, an 8% increase compared to the prior quarter and revenues of $367 million and also an increase when compared to 4Q 2018 and revenues of $292 million.

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