Rosneft, Seadrill Ltd. and North Atlantic Drilling Ltd. (NADL) signed a framework agreement that envisages long-term cooperation in the area of oilfield development projects, a press release said. The document foresees the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL charter capital.
The agreement’s options contemplate a possibility for Rosneft to increase its stake in NADL according to the development of the cooperation.
The deal will allow Rosneft to acquire a fleet of platforms and drilling rigs for the conduction of onshore and offshore drilling operations. The cooperation will expand Rosneft’s field of activities in the sphere of designing and engineering of specialized marine equipment.
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