Seadrill Limited (Seadrill or the Company) announced Tuesday that it has exercised a purchase option for the West Polaris (UDW drillship) from Ship Finance International Limited (Ship Finance).
The transaction will be executed as a purchase of shares in Ship Finance's asset owning subsidiary SFL West Polaris Limited, which is currently a consolidated entity in Seadrill. Seadrill does not expect any immediate material impact to its financial statements as a result of this transaction.
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