Seadrill Limited sells the semi-submersible rigs West Leo and West Sirius to Seadrill Partners LLC

December 2013
World Energy News;12/5/2013, p21
The article reports on the move of the offshore deepwater drilling company Seadrill Ltd. to sell its semi-submersible rigs West Leo and West Sirius to Seadrill Partners LLC for the implied purchase price of 1.250 billion dollars and 1.035 billion dollars, respectively. It provides information on the terms of the deal including the accomplishment of the acquisitions through purchases and assumptions of debt. It also notes that working capital is included in the purchase of West Sirius.


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