Corporate digest

Sembcorp Marine

SEMBCORP Marine said the standstill agreement between its unit Jurong Shipyard Pte Ltd (JSPL) and North Atlantic Drilling Ltd (NADL) for the delivery of the semi-submersible drilling rig, the West Rigel, has been extended to Sept 2, 2016.

During the standstill period, NADL will continue to market the rig for an acceptable drilling contract and JSPL will have the right to sell the rig at an acceptable price. Meanwhile, the rig stays at JSPL's yard in Singapore.