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Seadrill transfers to Oslo Børs’ main market

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  • 12th transfer on Oslo Børs in 2022
  • Brings the number of companies on the main market up to 214
  • Market capitalisation of approximately NOK 16.3 billion

 

Oslo – 17 November 2022 – Oslo Børs, part of Euronext Group, today congratulates the offshore drilling company Seadrill with its transfer from Euronext Expand Oslo to the main market (ticker: SDRL). This is the 12th transfer on Oslo Børs so far this year.

Seadrill is a deepwater drilling contractor for the petroleum industry. The company has a versatile fleet including drillships, jack-ups and semi-submersibles fit for shallow to ultra-deepwater areas. Seadrill owns or operates 30 drilling rigs in total.

At opening, the share price of Seadrill was set at NOK 325 per share, based on the price on Euronext Expand Oslo at closing on 16 November. This corresponds to a market capitalisation of approximately NOK 16.3 billion on the day of listing.

Simon Johnson, Seadrill Chief Executive Officer, commented: “We are pleased to finalise our uplisting from the Euronext Expand to the main market at Oslo Børs, completing our goal of being listed on two major exchanges within 2022. We have a long association with Oslo Børs and look forward to building on our relationships with investors and public markets in Norway.”

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