Reuters logo
BRIEF-North Atlantic Drilling extends Jurong delivery deferral period
January 9, 2017 / 6:07 AM / 10 months ago

BRIEF-North Atlantic Drilling extends Jurong delivery deferral period

Jan 9 (Reuters) - North Atlantic Drilling Ltd

* Announces amendment to agreement with Jurong Shipyard regarding the earlier agreement to defer delivery of the semi-submersible West Rigel

* Extends delivery deferral period to July 6, 2017. Extension allows parties to continue to explore commercial opportunities for unit

* As previously agreed, in the event no employment is secured for the Unit and no alternative transaction is completed, the Company and Jurong will form a Joint Asset Holding Company for joint ownership of the Unit, to be owned 23% by the Company and 77% by Jurong Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below