On the sidelines ofPareto’s oil and offshore conference in Oslo, chief executive AlfThorkildsen told reporters that the John Fredriksen-backed group will probably resuscitatea plan to list Seabras in Sao Palo next summer, according to local media outlets.
Earlier this yearthe company was looking to raise as much as BRL 1.7bn BRL ($841.9m) from thesale of up to 65.2 million shares but the plan was postponed twice andultimately pulled altogether due to turmoil in theequity markets.
In the meantime,Seadrill is hoping to list majority-owned subsidiary North Atlantic Drilling inlate 2012 or early 2013 and master limited partnership (MLP) affiliate SeadrillPartners sometime in the fourth quarter, Thorkildsen said.
As TradeWinds has reported, some equity analysts have said that Seadrill Partners could have a marketcap of $1.5bn to $2bn when the smoke clears and may appeal to a broader rangeof investors than its parent.
Check out the Fact Box to the right of this article to view Seadrill's Pareto presentation
