John Fredriksen's Seadrill has confirmed an early settlement of arbitration for a cancelled rig at Hyundai Samho.
It will bank $170m for the delayed West Mira, the contract for which it tore up in 2015.
"Arbitration proceedings began in October 2015 following the cancellation of the construction contract for the West Mira and were expected to conclude during the first half of 2018," it said.
"This
