SDRL - Comment on Sevan Drilling
(Thomson Reuters ONE) -
Hamilton, Bermuda, October 19, 2015 - Seadrill Limited ("Seadrill" or "the
Company") makes reference to the announcements by Sevan Marine and Sevan
Drilling in regards to the ongoing investigation into corrupt activities
involving Petrobras.
The charges made against Sevan Drilling relate to contracts awarded during the
2005-2008 time period, prior to both Seadrill's initial acquisition of a
minority stake in Sevan Drilling and acquiring control.
At the time the Petrobras contracts were awarded, Sevan Drilling was a wholly-
owned division of Sevan Marine ASA. In May 2011, Sevan Drilling was separated
out from the 100% ownership of Sevan Marine ASA and listed separately on the
Oslo stock exchange. In December 2011 Seadrill acquired a 28.5% stake in Sevan
drilling and ultimately increased its stake to 50.11% in July 2013.
Seadrill remains committed to the highest ethical standards. The Company will
cooperate if requested to do so by any and all authorities in relation to the
ongoing investigation.
FORWARD LOOKING STATEMENTS
This news release includes forward looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in its
business and the markets in which it operates. In particular, statements
regarding the Company's ability to complete the Polaris Acquisition and the
anticipated total value proposition are considered forward looking statements.
These statements are made based upon management's current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company's filings with the Securities and
Exchange Commission, including its Annual Report on Form 20-F (File No.
001-34667). The Company undertakes no obligation to update any forward looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward looking statement.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1959633]
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2015 - 06:31 Uhr
Sprache: Deutsch
News-ID 427631
Anzahl Zeichen: 3753
contact information:
Town:
Hamilton
Kategorie:
Business News
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"SDRL - Comment on Sevan Drilling"
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