| By Marketwire . |
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| January 21, 2013 02:49 AM EST |
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HAMILTON, BERMUDA -- (Marketwire) -- 01/21/13 -- Reference is made to the press release
dated November 5 , 2012, regarding a non-binding agreement for integrating
Seadrill's tender rig business into SapuraKencana Petroleum Bhd. Seadrill
and
SapuraKencana have made solid 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.
This information is subject of the disclosure requirements pursuant to
section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE
[HUG#1671700]
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