Seadrill Ltd. (SDRL) Sells 35% Stake in Paratus Energy Services Limited

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Go back to Seadrill Ltd. (SDRL) Sells 35% Stake in Paratus Energy Services Limited

Seadrill Limited announces sale of shareholding in Paratus Energy Services Limited

October 21, 2022 1:26 AM EDT

HAMILTON, Bermuda, Oct. 21, 2022 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (XOAS: SDRL) announces today that it has entered into binding Share Purchase Agreements ("SPAs") under which it will sell its entire 35% shareholding in Paratus Energy Services Limited (formerly Seadrill New Finance Limited) and certain other interests ("Sale").  Paratus Energy Services Limited is the entity through which investments in SeaMex Group, Seabras Sapura and Archer Ltd are held.

Completion of the Sale is subject... More