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SeaDrill Ltd Extends Non-Binding Agreement with SapuraKencana Petroleum Bhd


Monday, 21 Jan 2013 02:42am EST 

SeaDrill Ltd announced in reference to a non-binding agreement for integrating Seadrill's tender rig business into SapuraKencana Petroleum Bhd, that Seadrill and SapuraKencana have made progress in the first part of the due diligence and have agreed to extend the validity period of the agreement to February 8, 2013, to facilitate the ongoing finalization of the due diligence and negotiations for the terms of the sale agreement and related transaction agreement(s) in relation to the proposed transaction. 

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