Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd., said:
"During the first quarter we achieved record operational uptime and we continue to see the benefits of our cost reduction programme coming through.
Our key priorities for the year are cost reduction, managing newbuild deferments and concluding our financing plans, while ensuring that we continue to maintain safe and efficient operations. I am pleased to say we have made good progress in all three areas during the first quarter."
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/26052016/seadrill-limited-announces-1q16-results/