Sapurakencana Petroleum is moving ahead with the purchase of Seadrill’s tender rig businesses. A sale and purchase agreement has been signed between the two companies worth $2.9bn. The deal will be sealed in April.
"We are pleased to have reached an agreement with our long-term partner, SapuraKencana, regarding the sale of our tender rig fleet. We look forward to support the integration of the tender rig fleet and are excited to start a new phase of our long and profitable relationship,” said John Fredriksen, chairman, president and director of Seadrill. [11/02/13]