SDRL - Update on the listing of its Brazilian subsidiary Seabras

SDRL - Update on the listing of its Brazilian subsidiary Seabras

ID: 108741

(Thomson Reuters ONE) -


Hamilton, Bermuda, January 30, 2012 - As announced previously, Seadrill intends
to list its Brazilian subsidiary, Seabras Serviços de Petróleo S.A. (Seabras),
on the BM&FBOVESPA, the São Paulo Stock Exchange.

Subsequent to the second filing with the Brazilian Securities and Exchange
Commission ("Comissão de Valores Mobiliários" or "CVM") Seabras has agreed with
Petrobras to make certain changes to its corporate structure. It will not be
possible to complete the proposed corporate restructuring and receive consents
from lending banks and charterer within the time limit for filing based on third
quarter 2011 accounts.

The implication is that Seabras will make a new filing with the CVM that
reflects the revised corporate structure. This filing will include the fourth
quarter 2011 accounts and is expected to be completed early March, with an
anticipated listing on the São Paulo Stock Exchange in April 2012.

This disclosure is for informational purposes and not an offer to buy or the
solicitation of an offer to sell any securities.  In addition, the common shares
subject of the potential future offering by Seabras have not been, and will not
be, registered under the United States Securities Act and may not be offered or
sold in the United States absent registration or an applicable exemption from
registration requirements of the United States Securities Act and applicable
state securities laws.

This disclosure contains forward-looking statements.  Forward-looking statements
are only predictions and are not guarantees of future performance.  Investors
are cautioned that any such forward-looking statements are and will be, as the
case may be, subject to many risks, uncertainties and factors that may cause the
actual results to be materially different from any future results expressed or
implied in such forward-looking statements. The Company expressly disclaims a




duty to update any of the forward-looking statements.


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#1580972]


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Datum: 30.01.2012 - 08:45 Uhr
Sprache: Deutsch
News-ID 108741
Anzahl Zeichen: 2852

contact information:
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Kategorie:

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