Seadrill Buys More Shares in Asia Offshore Drilling

International drilling contractor Seadrill Limited has today acquired additional 12,883 shares of Asia Offshore Drilling Limited.

The shares were acquired at a price of NOK 28.70 per share (USD 5.03) . Following this acquisition, Seadrill will be the owner of  65.89% of the total number of outstanding shares in the Asia Offshore Drilling.

Asia Offshore Drilling  currently owns three jack-up rigs under construction by Keppel FELS.

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November 1, 2012