Seadrill Limited (SDRL) - Third Quarter 2020 Trading Update
Highlights · Technical utilization[1] of 94% and economic utilization[2] of 92% · Total backlog stands at $2.1 billion · Cash and cash equivalents as at September 30, 2020 was $851m · Stuart Jackson appointed Chief Executive Officer · The role and responsibilities of the Chief Financial Officer are now divided into two new roles: Grant Creed is Chief Restructuring Officer and Neil Gilliver is Chief Accounting Officer Subsequent Events · Following quarter end, approximately $52 million of backlog added: · The Sevan Louisiana was awarded a one firm, plus one