Seadrill, SapuraKencana extend due diligence process
Norway's Seadrill and SapuraKencana have extended the validity period for the non-binding agreement to integrate Seadrill's tenders rig business into SapuraKencana. The extension of the validity period from 21 Jan 2013 to 8 Feb 2013 is to finalise the due diligence and negotiations for the terms of the sale agreement and related transaction agreement. The deal was announced on 5 Nov last year. (Bernama)
Source: CIMB Daybreak - 22 January 2013
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