NADL - Partnership discussions on hold, filing for NYSE listing
Hamilton, Bermuda, October 11, 2013 - North Atlantic Drilling Ltd. ("NADL" or the "Company") and Seadrill Limited ("Seadrill") announced on August 15, 2013 that the companies were actively engaged in specific discussions with the potential to bring in a strategic partner as a major owner in NADL. The parties have made solid progress in these discussions but have not yet been able to find a mutually acceptable solution to all transaction parameters, including treatment of minority shareholders. In view of the commitment NADL has given to its shareholders to list the company, Seadrill has