Seadrill Limited (SDRL) - Second Half 2020 Results
Hamilton, Bermuda, March 4, 2021 - Seadrill Limited (“Seadrill” or "the Company") (OSE:SDRL, OTCQX:SDRLF), a world leader in offshore drilling, announces a commercial update for the fourth quarter of 2020 and provides financial results for the six-month period ended December 31, 2020. Highlights · Technical utilization[1] of 96% and economic utilization[2] of 94%. · Total backlog stands at $1.9 billion with approximately $50 million added during the quarter. · Cash and cash equivalents as at December 31, 2020 of $723 million of which $526 million was unrestricted. · Non-