Seadrill q3 adjusted ebitda at $85 million

Reg-sdrl - seadrill limited announces third quarter 2019 results.seadrill q3 operating revenue at $ 367 million.seadrill q3 adjusted ebitda $85 million.near term activity in the floater market is being driven predominantly by short term, well based programs.seadrill q3 operating loss $58 million.looking forward, there has been an increase in tenders for longer term programs, especially in africa and brazil.for the fourth quarter 2019 we expect adjusted ebitda to be approximately $40 million, reflecting the further completion of legacy contracts and the west saturn becoming idle.we expect to see an improvement in rates going forward which may open the opportunity to reactivate premium jack-ups later in 2020 on a limited time scale.third quarter results reflected a step up in ebitda compared to our guidance.we expect that as we move into 2020 the gradually improving market conditions will result in a limited number of reactivations but also continued scrapping of rigs across the global fleet..
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