Restructured drillship and rig owner Seadrill has posted a lower fourth quarter loss following its US debt restructuring.
The John Fredriksen-backed company said the net deficit to 31 December was $360m, versus $2.66bn a year ago.
Revenue was lower at $292m against $431m in 2017.
It has total cash of $2bn and an order backlog of the same amount.
