Seadrill said it could move its headquarters from London after Britain’s decision to leave the European Union.
The rig company’s chairman John Fredriksen said possible locations include Aberdeen, Houston or the Far East.
According to reports, in an interview with Tradewinds, the boss told the newspaper there was a lot of “hysteria” around Brexit.
Last month, UK voters decided by 52% of the nation to leave the European Union while 48% of voters had called for the country to remain.
More than 17million people took to the ballot box in the largest turnout since 1992.
The potential move by Seadrill comes after it moved it headquarters from Stavanger to London three years ago.
The board has said the company could be more efficient by reducing the size of the lead in Seadrill Management and moving more functions to the regions.