REG-SFL – Ruling from Borgarting Court of Appeal in the Seadrill Legal Case

SFL won a unanimous Borgarting Court of Appeal judgment finding Seadrill breached the charter contract when redelivering the rig Hercules in December 2022. Seadrill subsidiaries were ordered to pay SFL's rig-owning subsidiary approximately NOK 525 million (about $55 million), including compensation, interest and legal costs; the ruling largely upholds the February 2025 Oslo District Court decision with the total increased by accrued interest.

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