Seadrill Limited (SDRL) Announces Potential Sale of Qatar Jack-Up Fleet; Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Seadrill Limited (SDRL) is in active discussions to sell its Qatar Jack-Up Fleet and its 50% equity interest in Gulfdrill LLC. No agreement on material terms, including price, has been reached with any potential purchaser, and any transaction remains subject to due diligence and definitive agreements.
June 26, 2023 | 7:27 am
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Seadrill Limited (SDRL) is in discussions to sell its Qatar Jack-Up Fleet and 50% equity interest in Gulfdrill LLC. No agreement on terms has been reached, and any transaction is subject to due diligence and definitive agreements.
The potential sale of Seadrill's Qatar Jack-Up Fleet and its 50% equity interest in Gulfdrill LLC could have a financial impact on the company. However, since no agreement on material terms has been reached and any transaction remains subject to due diligence and definitive agreements, the short-term impact on SDRL's stock price is uncertain.
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