May26:
Russian oil company Rosneft and Seadrill subsidiary North Atlantic Drilling signed the cooperation agreement, Saturday.
The Norwegian company's operations in Stavanger will continue as before, Dagens Næringsliv reports.
However, the strategic partnership will probably include opening other regional offices.
The deal gives Seadrill main shareholder John Fredriksen extensive possibilities in the Russian exploration market.
Seadrill is the world's largest oil drilling player.
Russia's Rosneft can obtain interests in Seadrill of up to 50 per cent in the long-run, according to upstreamonline.com
John Fredriksen is currently Seadrill's largest shareholder with 24.54 per cent.
Source: http://www.aftenbladet.no/energi/aenergy/Russian-oil-company-buys-into-Seadrill-3428008.html?#.U4OjHXSOOXY
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