Seadrill May Sell Crystal Ocean FPSO



Seadrill is in discussions with a company under formation, Sea Production Limited, concerning a potential sale of the FPSO vessel Crystal Ocean. Final terms and conditions regarding a sale are still under discussion. A completion of a sale is dependent on a successful issue of new equity in Sea Production Limited. A final clarification around the possible sale is expected during the next week.

At present, Crystal Ocean is operating in Australia at Bass Strait, for Anzon, on a contract that extends to 2009.

RELATED COMPANIES
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.