ENTH

News

Asia Offshore Drilling forms strategic partnership with Seadrill of Norway

Back Jul 29, 2011

ML Chandchutha Chandratat (left), Executive Chairman of Mermaid Maritime PCL, recently finalized the partnership agreement between Asia Offshore Drilling Ltd. (AOD) and Norwegian-based Seadrill Limited represented by CEO, Mr. Alf Thorkildsen (right), in Stavanger, Norway.

By drawing upon the highly-regarded expertise of Seadrill, which is the second largest offshore drilling provider in the world, this strategic partnership will strengthen AOD's business fundamentals and propel it into an international sea-drilling player. As a result of the new partnership, Seadrill Ltd. and Singapore-listed Mermaid Maritime PCL will hold equal shares of 33.75% each in AOD. Mermaid Maritime PCL, in turn, is a subsidiary of SET-listed Thoresen Thai Agencies PCL.