Norway: Seadrill, Songa Offshore Enter HoA for Potential Purchase of ‘Songa Eclipse’

Seadrill has entered into a Heads of Agreement (“HoA”) with Songa Offshore SE for a potential purchase of the ultra deepwater semi-submersible rig “Songa Eclipse”.

The HoA has certain subjects, hereunder board approval from Seadrill and Songa. A key element in the HoA is that Seadrill is granted exclusivity up to 15 November 2012 to carry out a due diligence of all adequate issues related to the “Songa Eclipse”.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Seadrill, October 22, 2012; Image: Songa Offshore