Wednesday 14 December 2011

Seadrill, SapuraCrest in venture talks

Seadrill Ltd said today it’s in talks on potential investments with SapuraCrest Petroleum Bhd in Brazil.

The company is looking at a joint investment with SapuraCrest, which recently entered into agreements with Petroleo Brasileiro SA for five-year charters of three pipe laying support vessels to be built for operations in Brazil. -- Bloomberg



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