Seadrill Limited (SDRL) 🛢

TekBot · februar 22, 2022, 11:25pm

SDRL – Seadrill Announces Emergence from Chapter 11

Hamilton, Bermuda, February 23, 2022 - Seadrill 2021 Limited (“Seadrill” or the “Company”) announced today (the “Effective Date”) that it has emerged from Chapter 11 after successfully completing its reorganization pursuant to its Chapter 11 plan of reorganization (the “Plan”). The Plan was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 26, 2021.

The restructuring significantly delevered the Company’s balance sheet by equitizing approximately $4.9 billion of secured bank debt previously held across twelve silos, resulting in a streamlined capital structure with a single collateral silo. The Company also raised $350 million in new financing pursuant to the Plan. Holders of existing shares (the “Existing Shares”) in the Company’s predecessor, Seadrill Limited, were reduced to 0.25% of their existing holdings, while the Company’s employee, customer, and ordinary trade claims were unaffected by the restructuring. The Company’s streamlined capital structure and the substantial liquidity raised pursuant to the Plan provide the Company with secure footing to pursue opportunities in the offshore drilling industry and grow value for its stakeholders.
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Stuart Jackson, CEO of Seadrill, commented: “Our emergence from Chapter 11 concludes the realignment of our balance sheet. I am grateful to all our employees, customers, partners, suppliers, creditors and shareholders for their support through this long process.

“Our restructured balance sheet provides us greater liquidity and lower debt leverage. With this firm financial footing established and market recovery well underway, Seadrill will focus on disciplined capital investment, cost containment, and contract risk management to maintain its position as a leader in the reshaping of the industry.”

The figures presented below highlight key financial metrics as of the Effective Date:
• Total cash of 486m, inclusive of $151m of restricted cash
• $300 million of first-lien new-money debt, comprised of a $175 million term loan facility and an undrawn $125 million revolving credit facility
• $683 million of second-lien takeback debt
• $50 million of unsecured convertible bonds
• Common shares issued of approximately 50 million as described further below.
Issuance, Listing and Trading of New Common Stock

Subject to certain approvals, the Company intends to have the New Common Shares listed on the Euronext Expand market in Oslo (“Euronext Expand”) with a subsequent uplisting to the main market of the Oslo Stock Exchange (the “OSE”) and the New York Stock Exchange (the “NYSE”).

Approximately 50 million New Common Shares were issued as of the Effective Date and remain outstanding. The New Common Shares are allocated as set forth below, in accordance with provisions of the Plan:

• 83.00% of the New Common Shares issued to holders of credit agreement claims against the Company and certain of its Chapter 11 debtor affiliates;
• 16.75% of the New Common Shares issued to rights offering participants and backstop parties under the Plan; and
• 0.25% of the New Common Shares issued to holders of Existing Shares in the Company’s predecessor.
Subject to certain approvals, we expect that trading in the New Common Shares on Euronext Expand will commence in the second quarter of 2022. Further details in respect of the New Common Shares will be set out in a listing prospectus which will be approved by the Norwegian Financial Supervisory Authority and published prior to listing at Euronext Expand.

The New Common Shares will be issued under CUSIP G7997W102 / ISIN BMG7997W1029, provided that a portion of the New Common Shares will be issued under Regulation S of the U.S. Securities Act of 1933 with CUSIP G7997W110 / ISIN BMG7997W1102. The New Common Shares issued under Regulation S will be subject to certain restrictions on resale into the United States, during a distribution compliance period as set forth in Regulation S. Because the Company will continue to use the ticker symbol “SDRL” for trading Existing Shares, brokers, dealers and agents effecting trades in the Existing Shares on the OSE or OTC Pink markets, and persons who expect to receive New Common Shares or effect trades in New Common Shares, should take note of the anticipated cancellation of the Existing Shares and issuance of New Common Shares, and the different CUSIP numbers and ISINs signifying the Existing Shares and the New Common Shares, in trading or taking any other actions in respect of shares of the Company that trade under the ticker symbol “SDRL”.

Any questions regarding these distributions should be directed to the Company’s claims and noticing agent, Prime Clerk, on the numbers provided below.

Fresh Start Reporting and Accounting Policies

On the Effective Date, the Company adopted fresh-start reporting. Under fresh-start reporting, the Company’s assets and liabilities are re-measured using fair value accounting principles. Estimates of fair value adopted under fresh-start reporting represent the Company’s best current estimates based upon appraisals and valuations. These accounting changes will be reported in the Company’s earnings report for the quarter ended March 31, 2022. The Company’s earnings report for the period to December 31, 2021, which has been published concurrently with this release, covers a period prior to the Company’s emergence from bankruptcy and therefore does not reflect fresh-start reporting.

New Board of Directors
In accordance with the Plan, a newly constituted Board of Directors of the Company was appointed today, consisting of Julie Johnson Robertson (Chair of the Board), Mark McCollum (Chair of Audit Committee), Karen Dyrskjot Boesen, Jean Cahuzac, Jan B Kjærvik, Andrew Schultz, and Paul Smith.

Julie Robertson, Chair of the Board, commented: “I am pleased to have been selected to chair the new Board of Directors who collectively bring commercial, operational and financial expertise to guide Seadrill as it takes its place in reshaping the offshore drilling sector. The road to emergence from Chapter 11 has been a long one and I would like to take this opportunity to thank the outgoing board members for their diligent guidance through this process and to thank the management team and the employees for maintaining safety leadership and operational excellence through challenging times.”

The Company was principally advised by Kirkland & Ellis LLP, Slaughter and May, Advokatfirmaet Thommessen AS, Jackson Walker LLP, Conyers Dill & Pearman Pte Ltd, Houlihan Lokey Capital, Inc., and Alvarez & Marsal North America, LLP.

CONTACT:

Prime Clerk

US Toll Free: 844-858-8891
International Toll Free: 312-667-1347
Email: seadrillinfo@primeclerk.com

About Seadrill
Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations across the globe. Seadrill’s high quality, technologically advanced fleet spans all asset classes allowing its experienced crews to conduct its operations from shallow to ultra-deep-water environments. The Company owns and/or operates 35 rigs, which includes drillships, jack-ups and semi-submersibles.

For more information, visit https://www.seadrill.com/.

FORWARD LOOKING STATEMENTS

This news release includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F (File No. 333-224459). The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · februar 22, 2022, 11:27pm

Seadrill Limited (SDRL) - Second Half 2021 Results

Hamilton, Bermuda, February 23, 2022 - Seadrill Limited (“Seadrill” or “the
Company”) (OSE:SDRL, OTCPK:SDRLF), a leader in offshore drilling, provides
financial results for the six-month period ended December 31, 2021.
…
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2H 2021 Highlights[1]

· Strong operational performance in 2H, 2021, resulting in 95% technical
utilization.

· Leading safety performance with TRIR of 0.24 in 2H 2021, better than the
industry average of 0.30.

· 23% increase in Operating Revenues to $556m driven by a number of rigs
commencing new contracts after a period of inactivity.

· Adjusted EBITDA increased to $118m, representing 21.2% EBITDA margin.

· Cash and cash equivalents as at December 31, 2021 of $535 million of which
$312 million was unrestricted cash.

· Backlog of $2.2bn, with over 8 years of term added in Brazil.

Financial Highlights
Figures in USD million, 2H21 1H21 % Change
unless otherwise
indicated
Total Operating Revenue 556 452 23 %
Adjusted EBITDA 118 20 490 %
Adjusted EBITDA Margin 21.2 4.4 382 %
(%)
Operating Profit/(Loss) 95 (252) 138 %
Net profit/(loss) 18 (605) 103 %
Restructuring Update
· Seadrill concluded its comprehensive restructuring process and emerged from
Chapter 11 bankruptcy on February 22, 2022.

· Seadrill New Finance Limited (renamed to Paratus Energy Services), emerged
from Chapter 11 on January 20, 2022. Seadrill Limited retained a 35% interest as
a result of the restructuring. Going forward, financial information relevant to
Paratus will be made available at www.paratus-energy.com.

Stuart Jackson, CEO, commented:

"Seadrill has finished 2021 strongly, evidenced by our top-line financial
highlights underpinned by our operational excellence and continued commercial
success. The formidable progress made over the course of 2021 is attributable to
the tremendous effort our workforce made overcoming difficult economic and
logistical challenges. I am proud of what they achieve on a daily basis.

We have just emerged from a series of Chapter 11 processes across our complex
organization involving not just the emergence of Seadrill Limited yesterday but
also the restructurings that were completed in other parts of our business. Our
emergence completes the second stage of our industry’s rehabilitation. As a
sector we have taken out nonperforming rigs, we have reduced our collective debt
burdens and now we need to reshape an industry that warrants investment to
sustain our contribution to the evolving global energy mix. The operational and
safety track record of Seadrill, together with our strong customer partnerships,
puts us in a leadership position as we complete this industry realignment."

[1] The financial information presented excludes the impact for our
discontinued operations held for sale, representing Seadrill New Finance Limited
(“NSNCo”) and its wholly owned subsidiaries.

Forward-Looking Statements

This news release includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company’s plans, strategies, business prospects, changes and trends in its
business and the markets in which it operates. These statements are made based
on management’s current plans, expectations, assumptions and beliefs concerning
future events impacting the Company and therefore involve a number of risks,
uncertainties and assumptions that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements,
which speak only as of the date of this news release. Important factors that
could cause actual results to differ materially from those in the forward
-looking statements include, but are not limited to offshore drilling market
conditions including supply and demand, day rates, customer drilling programs
and effects of new rigs on the market, contract awards and rig mobilizations,
contract backlog, dry-docking and other costs of maintenance of the drilling
rigs in the Company’s fleet, the cost and timing of shipyard and other capital
projects, the performance of the drilling rigs in the Company’s fleet, delay in
payment or disputes with customers, Seadrill’s ability to successfully employ
its drilling units, procure or have access to financing, ability to comply with
loan covenants, liquidity and adequacy of cash flow from operations,
fluctuations in the international price of oil, international financial market
conditions, changes in governmental regulations that affect the Company or the
operations of the Company’s fleet, increased competition in the offshore
drilling industry, the impact of global economic conditions and global health
threats and the impact of future negotiations with its lenders to obtain
amendments to credit facilities and any related contingency planning efforts,
the impact of active negotiations, contingency planning efforts, rulings and
outcomes with respect to a comprehensive restructuring of our debt under Chapter
11 Proceedings with the U.S. Bankruptcy Court for Southern District of Texas,
the outcome of which is uncertain, our ability to maintain relationships with
suppliers, customers, employees and other third parties as a result of our
Chapter 11 filing and the related increased performance and credit risks
associated with our constrained liquidity position and capital structure, our
ability to maintain and obtain adequate financing to support our business plans
post-emergence from Chapter 11, the length of time that we will operate under
Chapter 11 protection, risks associated with third-party motions in the Chapter
11 Proceedings that may interfere with the solicitation and ability to confirm
and consummate a plan of reorganization, the dispute over production levels
among members of the Organization of Petroleum Exporting Countries and other oil
and gas producing nations, downtime and other risks associated with offshore rig
operations and ability to successfully employ our drilling units, our expected
debt levels, the ability of our affiliated or related companies to service their
debt requirements, credit risks of our key customers, the concentration of our
revenues in certain geographical jurisdictions, limitations on insurance
coverage, such as war risk coverage, in certain regions, any inability to
repatriate income or capital, import-export quotas, wage and price controls and
the imposition of trade barriers, our ability to attract and retain skilled
personnel on commercially reasonable terms, whether due to labor regulations,
unionization, or otherwise, or to retain employees, customers or suppliers as a
result of our financial condition generally or as a result of the Chapter 11
Proceedings, internal control risk due to significant employee reductions, tax
matters, changes in tax laws, treaties and regulations, tax assessments and
liabilities for tax issues, including those associated with our activities in
Bermuda, Brazil, Norway, the United Kingdom, Nigeria, Mexico and the United
States, customs and environmental matters and potential impacts on our business
resulting from climate-change or greenhouse gas legislation or regulations, and
the impact on our business from climate-change related physical changes or
changes in weather pattern, the occurrence of cybersecurity incidents, attacks
or other breaches to our information technology systems, including our rig
operating systems and other important factors described from time to time in the
reports filed or furnished by us with the SEC. Consequently, no forward-looking
statement can be guaranteed. When considering these forward-looking statements,
you should keep in mind the risks described from time to time in the Company’s
filings with the SEC, including its 2020 Annual Report on Form 20-F (File No.
333-224459)

The Company undertakes no obligation to update any forward-looking statements to
reflect events or circumstances after the date on which such statement is made
or to reflect the occurrence of unanticipated events. New factors emerge from
time to time, and it is not possible for us to predict all of these factors.
Further, the Company cannot assess the impact of each such factors on its
business or the extent to which any factor, or combination of factors, may cause
actual results to be materially different from those contained in any forward
-looking statement.

February 23, 2022

The Board of Directors

Seadrill Limited

Hamilton, Bermuda

Questions should be directed to Seadrill Management Ltd. represented by:

Stuart Jackson Chief Executive Officer

Media questions should be directed to:

Sara Dunne Director of Communications
+1 (281) 630-7064

Analyst and investor questions should be directed to:

Hawthorn Advisors
seadrill@hawthornadvisors.com +44 (0) 203 7454960

Kilde

TekBot · februar 22, 2022, 11:45pm

Key information regarding Seadrill Limited’s emergence from Chapter 11

Hamilton, Bermuda | 22 February 2022: Reference is made to the stock exchange
announcement by Seadrill Limited (the “Company”) earlier today, where the
Company announced its emergence from Chapter 11 after successfully completing
…

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its reorganization pursuant to its Plan of Reorganization (the “Plan”). Pursuant
to the Plan, and as further set out in the stock exchange notice announced
earlier, the new parent company for the Seadrill group, whose name will be
changed on or about the date of emergence to Seadrill Limited, will have
approximately 50,000,000 new common shares issued and outstanding (the “New
Common Shares”) on the Effective Date (as defined therein).

Date on which the terms and conditions of the issuance of the New Common
Shares were announced: 22 February 2022

Last day including: 22 February 2022

Ex-date: 23 February 2022

Record date: 24 February 2022

Exchange ratio: 0.00124519 New Common Shares per existing common share of the
Company

ISIN for the New Common Shares: BMG7997W1029

Delivery of the New Common Shares will be made as soon as possible, and subject
to appropriate arrangements being confirmed with Euronext Securities Oslo.
Subject to certain approvals, it is expected that New Common Shares will
initially be listed at the Euronext Expand market of the Oslo Stock Exchange in
the second quarter of 2022, and ultimately listed on the Oslo Stock Exchange and
New York Stock Exchange once all listing rules are satisfied. Further details in
respect of the New Common Shares will be set out in a listing prospectus which
will be approved by the Norwegian Financial Supervisory Authority and published
prior to such listing.

This information is subject to the disclosure requirements of the Oslo Stock
Exchange pursuant to Oslo Rule Book II - Issuer Rules.

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company’s plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts. These
statements are made based upon management’s current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company’s regulatory filings and periodical
reporting. The Company undertakes no obligation to update any forward looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward looking statement.

seadrill@hawthornadvisors.com

020 3745 4960

Kilde

E24Bot · februar 23, 2022, 5:51am

Nå er de gamle Seadrill-aksjene null verdt

TekBot · februar 23, 2022, 7:02am

SDRL - Ex. right to shares in Seadrill today

TekBot · februar 23, 2022, 7:02am

SDRL – Ex. right to shares in Seadrill today

TekBot · februar 23, 2022, 7:34am

OSLO BØRS - TRADING SUSPENSION

Andyboi · februar 23, 2022, 1:01pm

Nesten dobbelt så mange Nordnettere med SDRL i porteføljen som ODL

TekBot · mars 7, 2022, 7:31am

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

Vis børsmeldingen

Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

TekBot · mars 14, 2022, 7:33am

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

Vis børsmeldingen

Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

TekBot · mars 21, 2022, 7:30am

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

Vis børsmeldingen

Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

TekBot · mars 24, 2022, 11:02pm

Seadrill Limited (SDRL) - Simon Johnson appointed President and Chief Executive Officer

Hamilton, Bermuda, March 24, 2022 - The Board of Seadrill Limited (“Seadrill” or
the “Company”) is pleased to announce the appointment of Simon Johnson as
President and Chief Executive Officer.
…

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Mr. Johnson will replace Stuart Jackson as President and Chief Executive Officer
with immediate effect.

Julie Robertson, Chair of the Board of Seadrill, commented:

"On behalf of the Board of Seadrill, I would like to thank Stuart for his
contribution in guiding the company through its Chapter 11 bankruptcy
reorganization. These have been difficult times and we appreciate his work in
keeping the Company operating in a safe and effective manner. Stuart will no
longer be President and Chief Executive Officer with immediate effect.

We are also pleased to announce that Simon Johnson will succeed Stuart as
President and Chief Executive Officer of the Company. Simon has significant
experience in the offshore drilling industry, having previously served as Chief
Executive Officer of Borr Drilling, and in various roles with Noble Corporation,
including most recently as Senior Vice President - Marketing and Contracts,
Diamond Offshore and Seadrill. We believe that Simon is well-suited to lead the
Seadrill team following its emergence from bankruptcy."

Simon Johnson commented:

“I am excited to be joining the Seadrill team at a fascinating time in the
industry. As someone who was at the very beginning of the Seadrill story, I am
proud to return in a leadership role and look forward to working with our
shareholders, employees, customers and vendors to re-launch our investment
proposition with a laser focus on value creation.”

Simon Johnson Biography

Simon W. Johnson has worked internationally for the past 25 years for a number
of publicly listed offshore drilling contractors, including Diamond Offshore,
Seadrill, Noble Corporation and Borr Drilling. His early career saw exposure to
various rig and shore-based operational roles for MODUs in South East Asia
before migrating to more commercially focused roles including Senior Vice
President - Marketing and Contracts at Noble Corporation and Chief Executive
Officer of Borr Drilling. Mr. Johnson has demonstrated strengths in strategy
development, investor engagement and relationship management. Mr. Johnson has
many years of exposure to board engagements and associated corporate governance
and compliance issues. He holds a Bachelor of Commerce (Economics & Finance)
from Curtin University and has completed the Advanced Management Program at
Harvard Business School.

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
across the globe. Seadrill’s high quality, technologically advanced fleet spans
all asset classes allowing its experienced crews to conduct its operations from
shallow to ultra-deep-water environments. The Company owns and/or operates 32
rigs, which includes drillships, jack-ups and semi-submersibles.

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company’s plans, strategies, business prospects, changes and trends in its
business and the markets in which it operates. These statements are made based
upon management’s current plans, expectations, assumptions and beliefs
concerning future events impacting the Company and therefore involve a number of
risks, uncertainties and assumptions that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements,
which speak only as of the date of this news release. Consequently, no forward
-looking statement can be guaranteed. When considering these forward-looking
statements, you should keep in mind the risks described from time to time in the
Company’s regulatory filings and periodical reporting. The Company undertakes no
obligation to update any forward looking statements to reflect events or
circumstances after the date on which such statement is made or to reflect the
occurrence of unanticipated events. New factors emerge from time to time, and it
is not possible for the Company to predict all of these factors. Further, the
Company cannot assess the impact of each such factor on its business or the
extent to which any factor, or combination of factors, may cause actual results
to be materially different from those contained in any forward looking
statement.

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

Media questions should be directed to Sara Dunne, Director of Communications +1
(281) 630-7064

Analyst and investor questions should be directed to Hawthorn Advisors +44 (0)
203 745-4960

Kilde

TekBot · april 4, 2022, 6:30am

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

Vis børsmeldingen

Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

TekBot · april 11, 2022, 6:31am

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

Vis børsmeldingen

Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

TekBot · april 21, 2022, 1:18pm

Received application for listing - «New» Seadrill Limited

TekBot · april 25, 2022, 5:45am

SDRL: New Contract in Angola for Seadrill Joint Venture

Hamilton, Bermuda, 25 April 2022 - Seadrill Limited (“Seadrill”) is pleased to
announce a new contract has been secured by Sonadrill Holding Ltd (“Sonadrill”),
Seadrill’s 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangol”).
…

Vis børsmeldingen

Sonadrill has secured a ten-well contract with options for up to eight
additional wells in Angola for the West Gemini drillship.

Total contract value for the firm portion of the contract is expected to be
approximately $161 million (inclusive of mobilization revenue and additional
services), with further meaningful revenue potential from a performance bonus.
Commencement is expected in Q4 2022 with a firm-term of approximately 18 months,
in direct continuation of the West Gemini’s existing contract.

The West Gemini is the third drillship to be bareboat chartered into Sonadrill,
along with two Sonangol-owned units, the Sonangol Quenguela and Sonangol
Libongos. Seadrill will manage and operate the units on behalf of Sonadrill. The
West Gemini is an ultra-deepwater drillship with an operational history offshore
Africa. Together, the three units position the Seadrill joint venture as the
premier rig operator in Angola, furthering the goal of building an ultra
-deepwater franchise in the Golden Triangle and driving efficiencies from rig
clustering in the region.

Seadrill’s Chief Executive Officer, Simon Johnson commented “Our strategic
partnership with Sonadrill is critical to the development of the Angolan oil and
gas sector and to Seadrill’s position as the number one rig operator in Angola.
We’re grateful for the Seadrill crew aboard the West Gemini who deserves the
lion’s share of the credit for this contract.”

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill’s high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations from
shallow to ultra-deep-water environments. The Company owns and/or operates 30
rigs, which includes drillships, semi-submersibles, and jack-ups.

FORWARD LOOKING STATEMENTS

This news release includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company’s plans, strategies, business prospects, changes and trends in its
business and the markets in which it operates. These statements are made based
upon management’s current plans, expectations, assumptions and beliefs
concerning future events impacting the Company and therefore involve a number of
risks, uncertainties and assumptions that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements,
which speak only as of the date of this news release. Consequently, no forward
-looking statement can be guaranteed. When considering these forward-looking
statements, you should keep in mind the risks described from time to time in the
Company’s regulatory filings and periodical reporting. The Company undertakes no
obligation to update any forward looking statements to reflect events or
circumstances after the date on which such statement is made or to reflect the
occurrence of unanticipated events. New factors emerge from time to time, and it
is not possible for the Company to predict all of these factors. Further, the
Company cannot assess the impact of each such factor on its business or the
extent to which any factor, or combination of factors, may cause actual results
to be materially different from those contained in any forward looking
statement.

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

Kilde

TekBot · april 25, 2022, 8:55am

Resolution to delist Seadrill Limited from Oslo Børs

TekBot · april 25, 2022, 8:55am

Vedtak om strykning av Seadrill Limited fra notering på Oslo Børs

TekBot · april 27, 2022, 3:02pm

SDRL: Seadrill Limited announces approval and publication of prospectus, and admission to trading on Euronext Expand

Hamilton, Bermuda, 27 April 2022 – Reference is made to the stock exchange announcement published by the Oslo Stock Exchange on 26 April 2022, regarding its decision to admit the shares of Seadrill Limited (“Seadrill” or “the Company”) (OSE ticker: SDRL) to trading on Euronext Expand.

The first day of trading of the Company’s shares on Euronext Expand is expected to be on or about 28 April 2022.
…

Vis børsmeldingen

The Company has prepared a prospectus in connection with the listing of the shares on Euronext Expand and the contemplated subsequent transfer to and listing on the Oslo Stock Exchange’s main list (the “Prospectus”). The Prospectus has been approved by the Norwegian Financial Supervisory Authority and will be made available on the Company’s website: www.seadrill.com/investors.

Grant Creed, Seadrill’s Chief Financial Officer, commented, “Listing on the Euronext Expand is an important milestone in Seadrill’s ability to continue setting the standard in offshore drilling. We look forward to Seadrill once again being listed in the public markets and continuing our long history of strong engagement with the investor community.”

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill’s high-quality, technologically-advanced fleet spans all asset classes allowing its experienced crews to conduct operations from shallow to ultra-deep-water environments. The Company owns and/or operates 30 rigs, which includes drillships, semi-submersibles, and jack-ups.

FORWARD LOOKING STATEMENTS

This news release includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement.

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

Kilde

TekBot · april 28, 2022, 5:46am

SDRL: Seadrill Limited Announces Contract Awards Totalling $404m for three jack-ups in the Middle East

Hamilton, Bermuda, 28 April 2022 - Seadrill Limited (“Seadrill” or “the
Company”) announces today that it has been awarded three contracts by a leading
operator for the West Ariel, West Cressida, and West Leda for work in the Middle
…

Vis børsmeldingen

East.

The firm-term of each contract is three years with expected commencement between
Q1 2023 and Q2 2023. Total contract value for the three contracts is
approximately $404m (inclusive of mobilization revenue).

Upon commencement of the three contracts, Seadrill will operate seven units
directly and have a further three units on bareboat charter in the Middle East.
Seadrill has a long successful track record in the Middle East, providing safe
and efficient operations since 2013.

Simon Johnson, Seadrill Chief Executive Officer, commented, “With our imminent
re-listing in Oslo, news of this award confirms Seadrill’s status as a preferred
partner in a rapidly recovering rig market. Upon commencement of operations
early next year, these rigs will add to Seadrill’s strong market share in the
Middle East, leading to significant economies of scale by clustering rigs of
similar design in a market segment where we see strong signs of recovery and
long-term demand.”

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill’s high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations from
shallow to ultra-deep-water environments. The Company owns and/or operates 30
rigs, which includes drillships, semi-submersibles, and jack-ups.

FORWARD LOOKING STATEMENTS

This news release includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company’s plans, strategies, business prospects, changes and trends in its
business and the markets in which it operates. These statements are made based
upon management’s current plans, expectations, assumptions and beliefs
concerning future events impacting the Company and therefore involve a number of
risks, uncertainties and assumptions that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements,
which speak only as of the date of this news release. Consequently, no forward
-looking statement can be guaranteed. When considering these forward-looking
statements, you should keep in mind the risks described from time to time in the
Company’s regulatory filings and periodical reporting. The Company undertakes no
obligation to update any forward looking statements to reflect events or
circumstances after the date on which such statement is made or to reflect the
occurrence of unanticipated events. New factors emerge from time to time, and it
is not possible for the Company to predict all of these factors. Further, the
Company cannot assess the impact of each such factor on its business or the
extent to which any factor, or combination of factors, may cause actual results
to be materially different from those contained in any forward looking
statement.

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

Kilde