Clean-up sale nets SapuraKencana partner $198m

Norwegian drilling contractor Seadrill ends its equity ownership in Malaysia's largest oil and gas company but remains a strategic partner.

Norwegian offshore deepwater drilling contractor Seadrill divested its entire stake in Malaysia’s SapuraKencana Petroleum on Wednesday, netting M$775 million ($198 million) through an accelerated bookbuild after the market close.

¬ Haymarket Media Limited. All rights reserved.

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