ML Chandchutha Chandratat (left), Executive Chairman of Mermaid Maritime PCL, recently finalized the partnership agreement between Asia Offshore Drilling Ltd. (AOD) and Norwegian-based Seadrill Limited represented by CEO, Mr. Alf Thorkildsen (right), in Stavanger, Norway.
By drawing upon the highly-regarded expertise of Seadrill, which is the second largest offshore drilling provider in the world, this strategic partnership will strengthen AOD's business fundamentals and propel it into an international sea-drilling player. As a result of the new partnership, Seadrill Ltd. and Singapore-listed Mermaid Maritime PCL will hold equal shares of 33.75% each in AOD. Mermaid Maritime PCL, in turn, is a subsidiary of SET-listed Thoresen Thai Agencies PCL.