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)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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