Norway appeals court orders Seadrill to pay SFL NOK 525 million over rig redelivery breach

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 (Ref. ID: 202610131615OMX_____CNEWS_EN_GNW1001277794_en) on October 13, 2026, and is solely responsible for the information contained therein. (C)