Announcements


Date: 05 November 2012

OTHERS SAPURAKENCANA PETROLEUM BERHAD (FORMERLY KNOWN AS SAPURA-KENCANA PETROLEUM BERHAD) (“SAPURAKENCANA” OR “COMPANY”) MEMORANDUM OF UNDERSTANDING RELATING TO THE PROPOSED COMBINATION AND INTEGRATION OF THE RESPECTIVE TENDER RIG BUSINESSES OF SAPURAKENCANA AND SEADRILL LIMITED (“PROPOSED TRANSACTION”)

Type Announcement
Subject OTHERS
Description SAPURAKENCANA PETROLEUM BERHAD (FORMERLY KNOWN AS SAPURA-KENCANA PETROLEUM BERHAD) (“SAPURAKENCANA” OR “COMPANY”)

MEMORANDUM OF UNDERSTANDING RELATING TO THE PROPOSED COMBINATION AND INTEGRATION OF THE RESPECTIVE TENDER RIG BUSINESSES OF SAPURAKENCANA AND SEADRILL LIMITED (“PROPOSED TRANSACTION”)

On behalf of SapuraKencana, we wish to announce that the Company, had today entered into a non-binding memorandum of understanding with Seadrill Limited (“Seadrill”) with respect to the proposed combination and integration of the tender rig businesses of both SapuraKencana and Seadrill.

Further details on the Proposed Transaction are set out in the attached file.

In addition, the press release dated 5 November 2012 entitled “SapuraKencana Petroleum Berhad and Seadrill Limited Jointly Announce the Integration of Tender Rig Businesses” is attached.

This announcement is dated 5 November 2012.

ATTACHMENT

- SKPETRO - Announcement.pdf
- SKPETRO - Press Release.pdf

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