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Seadrill Enters into HoA with Songa Offshore

Source: www.gulfoilandgas.com 10/22/2012, Location: Europe

Seadrill has entered into a Heads of Agreement ("HoA") with Songa Offshore SE for a potential purchase of the ultra deepwater semi-submersible rig "Songa Eclipse". The HoA has certain subjects, hereunder board approval from Seadrill and Songa. A key element in the HoA is that Seadrill is granted exclusivity up to 15 November 2012 to carry out a due diligence of all adequate issues related to the "Songa Eclipse". This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

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