Oct 2022
Conyers advised Seadrill Limited on the Bermuda law aspects of its disposal of seven jack-up drilling rigs located in the Kingdom of Saudi Arabia to ADES Arabia Holding Ltd. for total cash consideration of approx. US$628 million.
Seadrill Limited is a leading offshore drilling contractor listed on the New York Stock Exchange and Euronext Expand Oslo (NYSE & XOAS: SDRL).
Director Jennifer Panchaud (Bermuda), Counsel Karoline Tauschke (London) and Associate Lauren Pereira (Bermuda) advised on the transaction which completed on 18 October 2022, working alongside Baker Botts (UK) LLP.