Seadrill Limited
OSLO : SDRL

May 17, 2013 07:01 ET

SDRL - Seadrill Limited closes the tender rig T15 transaction

HAMILTON, BERMUDA--(Marketwired - May 17, 2013) -

SDRL - Seadrill Limited closes the tender rig T15 transaction

We refer to the press release dated May 7, 2013, which announced the transaction to sell the T-15 Tender rig.

Seadrill Limited ("Seadrill" or "The Company") has today completed the previously announced transaction to sell the T-15 tender rig to Seadrill Partners.

The agreed upon sale is for a total price of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T-15. The balance of the total consideration is being financed with vendor financing provided by Seadrill in the form of a loan in the amount of approximately US$110 million.

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#1702892]

Contact Information

  • Seadrill
    +47 51 30 99 00