Seadrill has booked a smaller profit in the second quarter on the back of contract terminations and rate reductions.
The drillship owner posted net income of $276m from April to June, compared to $423m in the corresponding quarter of 2015.
Per Wullf, chief executive of Seadrill, said: “During the second quarter, we have improved on the record uptime we achieved in the first quarter, reaching 98% economic utilization, whilst continuing to see our costs reduce quarter over quarter.
“There
