John Fredriksen-controlled Seadrill is prepared to wait a little longer for the $713m Brazilian IPO of its spin-off Seabras.
The company said on Monday it was prioritising reconstituting the company as a master limited partnership (MLP) to lower financing costs before any listing takes place.
"Given the large potential upside of the MLP structure, the board has decided to accelerate this project ahead of the Seabras listing," it added.
"It
