SDRL - Seadrill considers reorganization of its harsh environment activities
(Thomson Reuters ONE) -
Hamilton, Bermuda, February 14, 2011 - Seadrill is currently evaluating the
structure of the Company's harsh environment activities which include the six
drilling rigs contracted in the North Sea area.
In order to maximize the value of Seadrill's harsh environment operations, and
to create a basis for further strengthening of this segment, the Company is
currently evaluating the existing ownership structure of these activities. One
alternative that is under consideration is to organize this segment into a new
public company where Seadrill will remain the majority shareholder. This will
prepare the ground for further growth and consolidation in this market. It will
further increase Seadrill's ability to benefit from its unique experience and to
further improve service to oil companies with safe and superior operations in
these challenging environments.
Alf C Thorkildsen, CEO in Seadrill Management AS, says,"Seadrill has a leading
market position in the harsh environment offshore drilling market. Our harsh
environment fleet currently consists of six units; two deepwater units, two mid-
water units and two ultra-large jack-up rigs. In response to higher oil prices
and increased demand for oil, new frontier areas are opening up for offshore
drilling. Seadrill expects these developments to offer attractive opportunities
for expansion and further organic growth. We expect to make a decision with
respect to a reorganization of our harsh environment activities shortly."
Media contact:
Alf C Thorkildsen
CEO
Seadrill Management AS
Ph. +47 51 30 99 19
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#1488473]
Unternehmensinformation / Kurzprofil:
Datum: 14.02.2011 - 08:27 Uhr
Sprache: Deutsch
News-ID 51421
Anzahl Zeichen: 2466
contact information:
Town:
Hamilton
Kategorie:
Business News
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