Friday, 22 August 2014

Russia’s Rosneft, Norway’s NADL Sign Asset Swap Deal | Business | RIA Novosti

Russia’s Rosneft, Norway’s NADL Sign Asset Swap Deal | Business | RIA Novosti:



"Russian state energy giant Rosneft said Friday it had agreed to swap assets and purchase shares in Norway's North Atlantic Drilling (NADL).



In a statement posted on its website, the top Russian crude producer said the agreement it had signed with NADL and an offshore drilling company, Seadrill, foresaw “the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL charter capital.”



It also said the accord left open the possibility of Rosneft's increase in its NADL stake “according to the development of the cooperation.”"



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