Seadrill hit with $55 million bill after appeals court upholds rig breach ruling

Seadrill has been ordered to pay $55 million to SFL Corporation after losing an appeal over a 2022 rig redelivery breach.

The ruling by Norway's appeals court comes after SFL sued Seadrill for failing to return a drilling rig in good condition, leading to significant repair costs.

The financial impact on Seadrill's seafarers is unclear, but the company may face reduced profits, potentially affecting bonuses or overtime pay.