Dleif Drilling LLC Has Repossessed Marshall Islands-Flagged Vessel “Sertão"

WILMINGTON, Del.--()--Dleif Drilling LLC, the owner of the Marshall Islands-flagged vessel “Sertão”, has repossessed Sertão pursuant to an order issued by the Tribunal de Justiça do Estado de São Paulo Comarca de São Paulo Foro Central Cível 35a Vara Cível on September 30, 2015 and replaced Schahin Petróleo e Gás S.A., as operator of Sertão, with a ship management company. After receiving all necessary exit approvals from the Delegacia de Capitania dos Portos em Macaé - RJ, the Sertão left her position and is currently in international waters. Dleif is currently exploring all strategic alternatives.

For information on this press release, please contact Mark D. Collins of Richards, Layton & Finger, P.A., U.S. legal counsel to Dleif Drilling LLC.

Contacts

Richards, Layton & Finger, P.A.
Mark D. Collins, 302-651-7531
collins@rlf.com

Release Summary

Dleif Drilling LLC, the owner of the Marshall Islands-flagged vessel “Sertão”, has repossessed Sertão and replaced Schahin Petróleo e Gás S.A. as operator of Sertão.

Contacts

Richards, Layton & Finger, P.A.
Mark D. Collins, 302-651-7531
collins@rlf.com