SDRL - Extension of non-binding agreement with SapuraKencana

From the Wires

Jan. 21, 2013 02:49 AM

HAMILTON, BERMUDA -- (Marketwire) -- 01/21/13 -- Reference is made to the press release dated November 5 , 2012, regarding a non-binding agreement for integrating Seadrill's tender rig business into SapuraKencana Petroleum Bhd. Seadrill and SapuraKencana have made solid progress in the first part of the due diligence and have agreed to extend the validity period of the agreement to February 8, 2013, to facilitate the ongoing finalization of the due diligence and negotiations for the terms of the sale agreement and related transaction agreement(s) in relation to the proposed transaction.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE

[HUG#1671700]

Media contact
Rune Magnus Lundetrae
Chief Financial Officer
Seadrill Management AS
+47 51 30 91 26

Analyst contact
Ragnvald Kavli
Investor Relations Manager
Seadrill Management AS
+47 51 30 96 27

Published Jan. 21, 2013— Reads 263
Copyright © 2013 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Web 2.0 Latest News

Is SMAC Good Enough to Meet the Demands of the New Digital World?

By Jiten Patil

According to a recent KPMG report, SMAC, or Social, Mobile, Analytics and Cloud Computing, comprises around 80% of total ICT (Information & Communications Technology) spend. SMAC is not only promising a modern way for enterprises to leverage information technology, but it’s also revolu...

Bring Your Own (Occasionally Connected) Device

By Adrian Bridgwater

The so-called Bring Your Own Device (BYOD) phenomenon has gone hand in hand with the consumerization of IT trend. Both of which sound like strangely disconcerting and confusing terms if taken out of context or presented to a layman or novice for the first time. Of course all we are ta...

A Newbie Guide to APM

By App Man

Today’s blog post is headed back to the basics. I’ve been using and talking about APM tools for so many years sometimes it’s hard to remember that feeling of not knowing the associated terms and concepts. So for anyone who is looking to learn about APM, this blog is for you.

Software Testers Too Need a Black Box

By Vu Lam

Recording and maintaining good evidence of testing is growing more important all the time. The ability to document what actually happened during the development of hardware or software is vital in many industries. Medical equipment is a great example, as any failure could lead to unexp...

Managing the Capability-Experience Gap

By Michael Bushong

It is exceedingly difficult for individuals to match their capability to perform a job or function exactly with their experience in that role. For the upwardly mobile, being promoted into a new challenging role means heading into something with the capability but minus the experience. ...