NADL - Rosneft Framework Agreement Extension
May 31 2017 - 04:30PM
Hamilton, Bermuda, May 31,
2017 - On August 22, 2014, North Atlantic
Drilling Ltd ("NADL") and Seadrill Limited ("Seadrill")
announced that they had entered into a Framework Agreement with
Rosneft Oil Company. In November 2014 the long stop date for
closing this transaction was extended to the end of May 2015 and
subsequently extended further to the end of May 2017.
Today,
the parties have agreed to further extend the long stop date of the
Framework Agreement until May 31, 2019.
During
this time, NADL and Seadrill can continue to market the offshore
drilling rigs and enter into binding contracts with third
parties.
This information is subject
of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: North Atlantic Drilling Ltd. via
Globenewswire
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