Seadrill: Oil Driller NADL to File in 4Q for Listing on NYSE



Reuters

OSLO, Oct 11 (Reuters) - North Atlantic Drilling Ltd. (NADL), a harsh environment drilling company, will file for a listing on the New York stock exchange in the fourth quarter, major owner Seadrill said on Friday.

Seadrill, the world's largest offshore rig operator, which holds 74 percent of NADL, said it has decided to put on hold plans to bring in a strategic partner for the unit.

NADL, which focuses on drilling in the North Atlantic basin, has nine drilling units, including five semi-submersible, a drillship, and three jack-up rigs.

(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES