Seadrill finalized four drilling contracts, with a fifth expected second quarter 2014, with Pemex that could generate revenue of more than USD 1.8 billion. Seadrill is also establishing a 50/50 joint venture, called SeaMex, with its venture partner—an investment fund controlled by Fintech Advisory—to own and manage jackups working for Pemex and develop other opportunities in Mexico and elsewhere in Latin America.
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