SDRL - North Atlantic Drilling Ltd. announces amendment to agreement with Jurong Shipyard
(Thomson Reuters ONE) -
Hamilton, Bermuda, June 7, 2015 - North Atlantic Drilling Ltd. ("NADL" or "the
Company") refers to the press release on December 3, 2015 which announced a
standstill agreement for delivery of the semi-submersible drilling unit, the
West Rigel ("the Unit").
Today the Company announces a second amendment has been agreed with Jurong
Shipyard Pte. Ltd. ("Jurong"), which extends the standstill period by a further
three months to September 2, 2016. The extension of the standstill period allows
the parties to continue to explore commercial opportunities for the Unit. In the
event no employment is secured for the Unit and no alternative transaction is
completed, the Company and Jurong will form a Joint Asset Holding Company for
joint ownership of the Unit, to be owned 23% by the Company and 77% by Jurong.
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. 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#2018413]
Unternehmensinformation / Kurzprofil:
Datum: 07.06.2016 - 07:30 Uhr
Sprache: Deutsch
News-ID 475988
Anzahl Zeichen: 3321
contact information:
Town:
Hamilton
Kategorie:
Business News
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"SDRL - North Atlantic Drilling Ltd. announces amendment to agreement with Jurong Shipyard"
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