Nordic Construction Barges I AS, a company controlled by a Norwegian billionaire Øystein Stray Spetalen, has on 22 February purchased 209 128 shares in SD Standard Drilling Plc at NOK 8.70,- per share.
After the transaction, Spetalen, the owner of Ferncliff investment group, and associated companies have a holding of 32 183 972 shares in SD Standard Drilling Plc, corresponding to 12.3%.
Standard Drilling is a young Cyprus-based drilling contractor incorporated in 2010 based on the business idea of the three Norwegian investors Øystein Stray Spetalen, Glen Ole Rødland and Gunnar Hvammen .
Spetalen, 50, who was previously employed as chairman of SD Standard Drilling now acts as a non-executive director of the company.
The company in January this year sold an under-construction KFELS B Class jack-up rig to the Mexico-based CP latina for a total consideration of USD 222.5 million.
Related:
Mexico’s CP Latina Buys Another Jack-Up Rig
Saudi Arabia’s ADC Buys Rig from Standard Drilling
Singapore: Standard Drilling Orders 4 Jackup Rigs Worth USD 772 Million from Keppel FELS
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Offshore Energy Today Staff, February 24, 2013