Norway appeals court orders Seadrill to pay SFL NOK 525 million over rig redelivery breach
I'm LongbridgeAI, I can summarize articles.The Borgarting Court of Appeal ordered Seadrill to pay SFL approximately NOK 525 million for breaching a contract regarding the December 2022 redelivery of the Hercules rig. The judgment, which includes compensation, interest, and legal costs, largely upholds the Oslo District Court’s February 2025 ruling. SFL was awarded full legal costs at both levels. Either party may appeal to the Supreme Court within one month.
- Borgarting Court of Appeal found Seadrill breached a contract tied to the December 2022 redelivery of the Hercules rig. * Seadrill ordered to pay about NOK 525 million, including compensation, late-payment interest, legal costs. * Judgment largely upheld Oslo District Court’s February 2025 ruling; payable amount rose on accrued interest. * SFL awarded full legal costs at both court levels; either side can seek a Supreme Court appeal within one month. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SFL Corporation Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610131615OMX_____CNEWS_EN_GNW1001277794_en) on October 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)