Ownership stake in a jack-up rig company
07. July 2011
| Editorial staff Ship&Offshore
Offshore drilling company Seadrill, Hamilton, Bermuda, has participated in a private placement in Asia Offshore Drilling Limited and has tanken over a 33.75 percent ownership stake.
Asia Offshore Drilling was established by Mermaid Maritime Public Company Limited in late 2010 when two MOD-V B Class jack-up rigs were ordered at Keppel FELS in Singapore.
Furthermore, it has been agreed that Seadrill will be responsible for the construction supervision, project management, and commercial management of all of Asia Offshore Drilling's jack-up rigs.
