Malaysian block trade

Partner cuts stake in Malaysia's SepuraKencana by close to 50%

John Fredriksen-controlled Seadrill raises $200 million from the sale of a 6% stake in Malaysian oil and gas services and solutions provider SepuraKencana.

<div style="text-align: left;"> SepuraKencana provides the offshore oil and gas industry with services and solutions, including oil rigs (AFP)</div>

Anette Jönsson

May 31, 2012

Seadrill, an offshore drilling company controlled by Norwegian shipping tycoon John Fredriksen, yesterday raised just over $200 million from the sale of almost half its stake in Malaysian oil and gas services and solutions provider SepuraKencana Petroleum.

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