Seadrill Limited (SDRL) has released an update.
Seadrill Limited announces the sale of its Qatar Jack-Up Fleet to Gulf Drilling International for $338 million, aiming to streamline its business and focus on operating deepwater rigs. The transaction is expected to close in the third quarter of 2024, subject to regulatory approvals. Concurrently, Seadrill has expanded its share repurchase program by an additional $500 million.
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