Offshore drilling contractor Seadrill is considering selling non-core assets, including its 15.7% stake in oil service firm Archer, to reduce its liabilities, the firm’s outgoing chief financial officer said on Thursday. Seadrill, controlled by Norwegian billionaire John Fredriksen, emerged from U.S. Chapter 11 bankruptcy proceedings last year, and is betting on the offshore oil market’s recovery to repay its remaining debts and liabilities. “Reducing leverage remains our priority,” Mark Morris told a telephone conference. The company repurchased in April $311 million out of $880 million in 12% Senior Secured Notes due in 2025, issued as part of the Chapter 11 plan. “It’s not a great trade secret that we have a number of core investments that we expect to keep, those being investments in Seamex and Seadrill Partners, and that there are businesses that are non-core to us, such as Archer, which was spin-out from Seadrill […]