North Atlantic Drilling Limited (NADL)

North Atlantic Drilling Limited (NADL) signed an agreement to give Rosneft an approximately 30% stake in the company in exchange for 150 Russian land rigs and 5-year contracts with Rosneft for all the new units. The transaction is expected to close during the fourth quarter of 2014. Following the transaction, SeaDrill will continue to own more than 50% of NADL.


STAY CONNECTED

Don't miss the latest content delivered to your email box weekly. Sign up for the JPT newsletter.