SapuraKencana subsidiary forms Austrian jv with Seadrill

A subsidiary of Malaysia’s SapuraKencana Petroleum, TL Offshore and Seabras Serviços De Petróleo (SSP), a subsidiary of Seadrill have acquired 50% each equity stake in a new company in Austria known as Seabras Sapura Holding (SSH) by subscribing to 17,500 common shares each of par value of EUR1 each respectively, the company said in its press release.
The intended principal activity of SSH is investment holding looking after vessel owning and vessel chartering.