The shareholders of SapuraKencana Petroleum Berhad have approved the proposed integration of the company’s tender rig business with that of Seadrill. SapuraKencana will take over Seadrill’s 18 tender rigs for RM 8.6 billion. Upon the completion of the integration, SapuraKencana will own 21 operating tender rigs, including five under construction. Moreover, the deal will transform SapuraKencana into one of the leading global offshore service providers with capabilities across the entire oil and gas development value chain. SapuraKencana has appointed CIMB Investment Bank, Goldman Sachs, and Maybank Investment Bank as advisers for the deal.
