Oslo-listed Seadrill has now got an extra month to push towards a restructuring deal for its $7.4bn debt pile.
The John Fredriksen-backed drillship and rig company said forbearance agreements have been extended with "certain creditors" regarding bank loans and bonds.
The new expiration date is 31 October.
Creditors have pledged not to exercise any voting rights or take any other action if the company defaults on interest payments that fell due in September.
