abce certificate
New Articles
Friday, 05 December, 2008, 17:10 GMT | more >>

Seadrill rakes in newbuild cash



By Upstream staff 

Norway's Seadrill has raised Nkr889 million ($153.5 million) in a private placement to help pay for a new drillship.

Seadrill said today it issued 7 million new shares at Nkr127 ceach, against yesterday's closing price of Nkr126.50. The company has more than 399 million shares outstanding after the issue.

"The share issue was significantly oversubscribed," Seadrill said in a statement. "The new equity is targeted at further investments in deep-water newbuilds."


Wednesday, 11 July, 2007, 07:48 GMT  | last updated: Wednesday, 11 July, 2007, 08:50 GMT

e-mail this article to a colleague


to email:  from:
comments: