Offshore staff
HAMILTON, Bermuda --Seadrill has exercised a purchase option for the ultra-deepwater drillshipWest Polaris from Ship Finance International (NYSE:SFL).
The seller acquired the vessel in 2008 and subsequently agreed a bareboat charter to Seadrill with purchase options starting in 2012. The purchase option price is $456 million and the total consideration payable to Ship Finance is $108 million.
Seadrill will undertake the transaction as a purchase of shares in Ship Finance subsidiary SFL West Polaris.
12/30/14
