seadrill rig holding company limited

The Bankruptcy Court held a hearing to consider approval of the Disclosure Statement on September 2, 2021 at 9:00 a.m. (CT). Seadrill Rig Holding Company Limited. The following files are available for download: https://mb.cision.com/Main/18925/3772970/2074630.pdf, https://mb.cision.com/Public/18925/3772970/8bcfc1cd03d11ffe.pdf, https://mb.cision.com/Public/18925/3772970/b8e035d774ecab80.pdf. He was most recently Head of Treasury & Risk for A.P. Questions should be directed to Seadrill Management Ltd. represented by: Simon Johnson President and Chief Executive Officer. Any comments or materials sent to Seadrill Limited or any of its respective subsidiary or associated companies through this Web Site including answers to questions or suggestions shall be deemed to be non-confidential. The incorporation date is May 16, 2018. We have a confident posture and remain constructive about this developing upcycle. 21-30491. Around the world, onshore and offshore, from rig to rig, were driven by common goals, working together to deliver for each other. , . Seadrill and Aquadrill undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. Our goal is to ensure that nobody gets hurt whilst performing their job. She is a resident of Rio de Janeiro, Brazil. Further, the Company cannot assess the impact of each such factors on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. The Paratus Group is primarily comprised of its ownership of the SeaMex Group, a 50/50 JV interest in Seabras Sapura, and investments in Archer Ltd. Seadrill Servicos de Petroleos Ltda. The incorporation date is May 16, 2018. Previous directorships includes Mrsk Supply Service, Mrsk Insurance, Danish Ship Finance and Britannia PI. Additionally, seven rigs will be managed under a variety of strategic partnerships. Kroll Restructuring Administration (formerly known as Prime Clerk) collects your email for the sole purpose of sending you updates on the docket activity for the case you select at the frequency and for the duration that you designate. 23 Feb, 2022, 02:05 ET. Following completion, Seadrill will, through its subsidiary Seadrill Rig Holding Company Limited, hold 100% of the shares in AOD. Pages of this Web Site contain material protected by copyright and may not be reproduced in whole or part without the prior written authorisation of Seadrill Limited. Holding Company . For careers, jobs and work on rigs and onshore, search for positions. Debtor Name: SEADRILL LIMITED, et. This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, in any jurisdiction, pursuant to the Transaction or otherwise, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this document in any jurisdiction in contravention of applicable law. The cases are pending before the Honorable David R. Jones and are jointly administered under Case No. These statements are based on Seadrill's and Aquadrill's respective management teams' current plans, expectations, assumptions and beliefs concerning future events impacting each of Seadrill and Aquadrill, and the Company should the merger occur, and, therefore, involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. The Company will remain named Seadrill Limited and will continue to be domiciled in Hamilton, Bermuda. HAMILTON, Bermuda, Sept. 14, 2020 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE: SDRL) (OTCQX: SDRLF) announces its acquisition of the minority holding of 33.76% of the share capital of Asia Offshore Drilling Limited ("AOD"). 77002 When considering these forward-looking statements, you should also keep in mind the risks described from time to time in Seadrill's filings with the U.S. Securities and Exchange Commission ("SEC"), including its Annual Report on Form 20-F for the year ended December 31, 2021, filed with the SEC on April 29, 2022 (File No. Currently a professional non-executive director advisor, he sits on a total of seven Boards. Case No. 21-30499. Universal Entity Code. Pages of this Web Site contain material protected by copyright and may not be reproduced in whole or part without the prior written authorisation of Seadrill Limited. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Seadrill Limited (SDRL) - First Quarter 2023, Seadrill Limited (SDRL) Provides Notice of 1Q23 Earnings Release and Presentation, Total Operating Revenues increased by 17% to. He currently sits on the Audit Committee at Subsea 7 and is a member of the Board at Bourbon Maritime. As of November 30, 2022, Seadrill and Aquadrill had a combined cash balance of approximately US$628 million, including approximately US$133 million of restricted cash, and a combined debt balance of approximately US$521 million. Holding Company. The consideration for the shares in AOD is USD 31,000,000, and it is expected that completion of the share transfer and payment of the consideration will occur by the end of September 2020. This communication relates to a proposed business combination transaction (the "Transaction") between Seadrill Limited and Aquadrill LLC. The address is , Singapore 000000. With over 40 years of energy experience, Mr. Quarls brings considerable strategic, financial, transactional, and energy investing experience. On February 24, 2023, Seadrill completed the sale of its 35% shareholding in Paratus Energy Services Ltd. ("PES") (formerly Seadrill New Finance Ltd.) and certain other interests for total. On February 10, 2021 (the "Petition Date") Seadrill Rig Holding Company Limited filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.The Debtor's case was assigned case no. For careers, jobs and work on rigs and onshore, search for positions. Seadrill Limited has no liability either directly or indirectly for any other Web Sites which you may access through this site and Seadrill Limted has no control over such Sites. From shallow to ultra-deep water, in both harsh and benign environments, Seadrill sets the standard in offshore drilling. A hearing on the Debtors' First Day Motions was held on February 12, 2021 at 9:00 a.m. (CT) before the Honorable David R. Jones, United States Bankruptcy Court for the Southern District of Texas. Case number: 21-30427 (DRJ) Form 426 - Exhibit B Entities Entity Name Owning Debtor Entity (1) Ownership in the Seadrill Group Affiliation Nature of debtors interest Business conducted at entity Seadrill Korea Services Ltd Seadrill Limited 100% Non-filing subsidiary of Seadrill Wholly owned Dormant 3. Additionally on February 10, 2021, Seadrill Limited and 114 affiliated debtors (collectively, the "SubsequentDebtors") each filed avoluntary petition for relief under Chapter 11 of the United States Bankruptcy Code with the Court. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. Seadrill UK Ltd. United Kingdom . 21-30478 and is pending before the honorable Judge Bankruptcy Marvin Isgur in the U.S. Bankruptcy Court Texas Southern District (the "Bankruptcy Court") Houston division office. [15] However, the company had its shares delisted from the New York Stock Exchange in June 2020. www.justice.gov/ust-regions-r07/region-7-southern-district-texas-houston-division Phone: 713.718.4650 Fax: 713.718.4670, United States Courthouse 515 Rusk Avenue Houston, Steven Newman, Aquadrill's Chief Executive Officer, said, "We believe this combination will create the most value for our shareholders and will create an excellent platform for high quality service delivery to our customers.". SEADRILL RIG HOLDING COMPANY LIMITED (UEN ID T18UF3800B) is a corporate entity registered with Accounting and Corporate Regulatory Authority. Holding Company : Seadrill Rig Holding Company Ltd: Bermuda: Holding Company : Seadrill Ltd: Bermuda: Holding Company : Seadrill UK Ltd: United Kingdom : Holding Company : Seadrill Partners LLC Holdco Ltd: Bermuda: Holding Company : Seadrill Seabras UK Ltd: United Kingdom : Holding Company : Seadrill Sevan Holdings Ltd: Aquadrill is a limited liability company that owns eight offshore drilling units. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company's regulatory filings and periodical reporting. , . Amended Agenda for Hearing on 10/26/2021 (Filed By Seadrill Limited ). Each entity is registered with unique entity number (UEN), entity name, entity time, UEN issue date, location, etc. --Seadrill Limited announces its acquisition of the minority holding of 33.76% of the share capital of Asia Offshore Drilling Limited. Seadrill Management Limited is classified as a large private company under the Companies Act 2006, as such the Company is required to produce: S.172 Statement Stakeholder Engagement Statement Section 172(1) Statement Commenting on the transaction, Simon Johnson, Seadrill's President and Chief Executive Officer, said, "At Seadrill we seek to deliver safe and effective operations as the bedrock for generating returns for our shareholders. As a lawyer and investor, his career has spanned many industries. We have the most modern fleet of all the major offshore drillers. Seadrill Limited has no obligation with respect to such comments or materials and has freedom to reproduce use or transform such comments or materials without limitation. Official Address. Austria. Julie Robertson and Simon Johnson will continue in their respective roles as Chair of the Board of Directors, and President and Chief Executive Officer. Whilst the information provided on this web site and Seadrill social media channels is given in good faith by Seadrill Limited no warranty or representation is given concerning such information which must not be taken as establishing any contractual or other commitment binding upon Seadrill Limited or any of its subsidiary or associated companies. Copies of the documents filed with the SEC can also be obtained, without charge, by directing a request to Seadrill. and Advokatfirmaet Thommessen AS are serving as legal counsel to Seadrill. He is a resident of Oslo, Norway. She also holds postgraduate certificates in strategy, innovation and management from Massachusetts Institute of Technology and completed the Digital Business Leadership Program at Columbia University. He currently sits on the Board of Directors for Westlake Chemical Corporation. [5], In 2014, Seadrill conducted an initial public offering of its North Atlantic Drilling subsidiary, which owns harsh environment rigs. If you have privacy or any other concerns about the information on this page, please use this link to the contact form. [17], In November 2020, Seadrill has collaborated with Forbearance. From shallow to ultra-deep water, in both harsh and benign environments, we are setting the standard in offshore drilling. He is a resident of Houston, Texas. Seadrill Partners LLC Holdco Ltd . New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Can't find what you're looking for? Ross M. Kwasteniet, P.C. New factors emerge from time to time, and it is not possible for Seadrill and Aquadrill to predict all of these factors. [9], In June 2013, the company acquired a majority interest in Sevan Drilling. He is a resident of New Canaan, Connecticut. Cision Distribution 888-776-0942 [11], In December 2017, the company filed bankruptcy. [20], On January 12, 2022, Seadrill New Finance, Seadrill's unit, filed for Chapter 11 bankruptcy. [3], In September 2006, the company acquired a controlling share of Smedvig by outbidding Noble Corporation. from 8 AM - 9 PM ET. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. On February 7, 2021, Seadrill GCC Operations Ltd., Asia Offshore Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited, and Asia Offshore Rig 3 Limited (collectively, the "Initial Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the "Court"). Language links are at the top of the page across from the title. [1]For a definition of Order Backlog, please see "Commercial Review" section. This information was brought to you by Cision http://news.cision.com, https://news.cision.com/seadrill-limited/r/sdrl---seadrill-announces-acquisition-of-shares-in-asia-offshore-drilling,c3194039. Seadrill Limited has no liability either directly or indirectly for any other Web Sites which you may access through this site and Seadrill Limted has no control over such Sites. Thursday, October 20, 2022 1:58:07 PM UTC. 1. Seadrill Limited or its associated companies will accept no liability either directly or indirectly for any consequential damages from any use of this Web Site including without limitation any loss of profits, business interruption, loss of programmes or other data on information handling systems or otherwise. 001-39327). SONADRILL HOLDING LTD is a Private limited company (Ltd.) company based in BUILDING 11, CHISWICK BUSINESS P 566 CHISWICK HIGH ROAD, United Kingdom, which employs 7 people. Certain of Aquadrill's unitholders, which collectively own more than 75% of Aquadrill's common units, have agreed to approve the transaction. Issuer's Identity CIK (Filer ID Number) Previous Names None Entity Type 0001737706 NEW SDRL LTD. Bermuda company with limited liability. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. Consequently, no forward-looking statement can be guaranteed. In an update on Monday, Seadrill Limited announced its acquisition of the minority holding of 33.76 per cent of the share capital of AOD. The Company will own 12 floaters (including seven 7th generation drillships), three harsh environment rigs, four benign jack-ups, and three tender-assisted rigs. Holding Company . Page 2. Important factors that could impact our ability to complete the merger transaction, recognize the benefits from the combination of Seadrill and Aquadrill that Seadrill and Aquadrill envision, such as synergies, or otherwise cause actual results to differ materially from those in the forward-looking statements include, but are not limited to regulatory approvals of the merger transaction or requirements or conditions of such approvals, the ability of the Company to man and operate the Aquadrill rigs outside of the current management agreement structure employed by Aquadrill, offshore drilling market conditions including supply and demand, day rates, customer drilling programs and effects of new rigs on the market, contract awards and rig mobilizations, contract backlog, dry-docking and other costs of maintenance of the drilling rigs in Seadrill's and Aquadrill's fleets, the cost and timing of shipyard and other capital projects, the performance of the drilling rigs in Seadrill's and Aquadrill's fleets, delay in payment or disputes with customers, Seadrill's and Aquadrill's ability to successfully employ their drilling units, procure or have access to financing, ability to comply with loan covenants, liquidity and adequacy of cash flow from operations, fluctuations in the international price of oil, international financial market conditions, changes in governmental regulations that affect Seadrill, Aquadrill or the operations of their fleets, increased competition in the offshore drilling industry, the impact of global economic conditions and global health threats, Seadrill's and Aquadrill's ability to maintain relationships with suppliers, customers, employees and other third parties and each of Seadrill's and Aquadrill's ability to maintain adequate financing to support their business plans following emergence from their respective Chapter 11 proceedings, factors related to the offshore drilling market, the impact of global economic conditions, Seadrill's and Aquadrill's liquidity and the adequacy of cash flows for their obligations, political and other uncertainties, the concentration of Seadrill's and Aquadrill's revenues in certain geographical jurisdictions, limitations on insurance coverage, Seadrill's and Aquadrill's ability to attract and retain skilled personnel on commercially reasonable terms, the level of expected capital expenditures, Seadrill's and Aquadrill's expected financing of such capital expenditures, and the timing and cost of completion of capital projects, fluctuations in interest rates or exchange rates and currency devaluations relating to foreign or U.S. monetary policy, tax matters, changes in tax laws, treaties and regulations, tax assessments and liabilities for tax issues, legal and regulatory matters, customs and environmental matters, the potential impacts on Seadrill's and Aquadrill's businesses resulting from climate-change or greenhouse gas legislation or regulations, the impact on Seadrill's and Aquadrill's businesses from climate-change related physical changes or changes in weather pattern, and the occurrence of cybersecurity incidents, attacks or other breaches to Seadrill's and Aquadrill's information technology systems, including their rig operating systems.

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