Seadrill Ups Its Stake in Asia Offshore Drilling Limited

One of the largest drilling contractors in the world, Seadrill Limited, has increased its ownership in Asia Offshore Drilling Limited.

The drilling contractor today bought additional 38,961 shares of Asia Offshore Drilling Limited at a price of NOK 28.71 per share (USD 5.0).

Following the acquisition, Seadrill will be the owner of 26,341,368 shares in the Company, corresponding to 65.85% of the total number of outstanding shares in the Company.

Asia Offshore Drilling Limited is a jack-up rig company that has three KFELS Mod V – B Class jack-up rigs under construction at Keppel FELS Limited in Singapore.
Offshore Energy Today Staff, October 31, 2012