SDRL- Seadrill in discussions regarding a potential investment with SapuraCrest in Brazil
(Thomson Reuters ONE) -
Hamilton, Bermuda, December 14, 2011 - Seadrill Limited, or Seadrill, is
contemplating expanding its product range with an ambition to offer a wider
range of oilfield services in Brazil. It is the intention that such expansion
could include a joint investment with SapuraCrest Petroleum Bhd, or SapuraCrest,
which recently, through a wholly owned subsidiary, entered into agreements with
Petrobras for five-year charters of three pipe laying support vessels (PLSVs) to
be built for operations in Brazil. Two of the PLSVs are to be built outside
Brazil, while one PLSV will be built in Brazil in compliance with applicable
local content requirements. Commencement of operations for the PLSVs is planned
to start by October 2014. Seadrill, through its subsidiaries, would have a 50
percent equity participation in entities which will enter into charter and
services agreements with Petrobras with respect to the PLSVs. The joint
investment is dependent, among other factors, on approval by SapuraCrest
shareholders. Seadrill holds a 23.6 percent equity interest in SapuraCrest.
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#1571219]
Unternehmensinformation / Kurzprofil:
Datum: 14.12.2011 - 08:56 Uhr
Sprache: Deutsch
News-ID 96789
Anzahl Zeichen: 2455
contact information:
Town:
Hamilton
Kategorie:
Business News
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