John Fredriksen's Seadrill has gained more time to complete a restructuring deal with banks as it entered negotiations with a potential third-party investor.
It said talks will be extended to 31 July, reflecting "significant progress" on the terms of a refinancing.
"The company is now in advanced discussions with certain third-party and related-party investors and its secured lenders on the terms of a comprehensive recapitalisation," it added.
