# Seadrill out of Ch 11

**URL:** https://forum.gcaptain.com/t/seadrill-out-of-ch-11/62390
**Category:** Offshore
**Created:** [February 22, 2022, 10:16pm UTC](https://forum.gcaptain.com/t/seadrill-out-of-ch-11/62390 "2022-02-22T22:16:28Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![ombugge](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/ombugge/32/11217_2.png) [@ombugge](https://forum.gcaptain.com/u/ombugge)
#### Post date: [February 22, 2022, 10:16pm UTC](https://forum.gcaptain.com/t/seadrill-out-of-ch-11/62390/1 "2022-02-22T22:16:28Z")

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> **[Seadrill aims for bankruptcy exit this week - Splash247](https://splash247.com/seadrill-aims-for-bankruptcy-exit-this-week/)**
>
> Offshore driller Seadrill, founded in 2005 by Norwegian tycoon John Fredriksen, expects to emerge from bankruptcy protection this month, most likely before the end of the week after restructuring its debt for the second time in less than three years....

Norwegian born, Cypriot citizen living in UK, Jon Fredriksen will be only 5% owner of the new Seadrill Ltd. (for now)

He is not finish with the offshore industry however:

> **[SFL transfers jackup management to Odfjell Drilling - Splash247](https://splash247.com/sfl-transfers-jackup-management-to-odfjell-drilling/)**
>
> Odfjell Drilling has struck a deal with John Fredriksen’s SFL Corporation to provide management services for the harsh environment jackup drilling rig . The rig was delivered in 2014, and is currently operated by a subsidiary of Seadrill and employed...