John Fredriksen's restructured Seadrill has reduced its first quarter loss as revenue rose.
The drillship player said the net deficit was $296m, against $360m in the fourth quarter of 2018.
Revenue rose to $302m from $292m, while operating expenses were $399m, versus $382m.
The company has 35 rigs of its own and manages another 11 for Seadrill Partners, five for Seamex and two for Fredriksen's Northern Drilling.
