Brazil Beckons as Seadrill Deal Bagged

Sapurakencana Petroleum Bhd Executive Chairman Dato' Mokhzani Mahathir discusses:

- Kencana - Sapura - merger - progress - systems / workforces;
- Wisdom of warp-speed merger and acquisition - justification;
- Financial terms - Seadrill deal - valuation - issues;
- High Debt/EBITDA ratio - issues;
- John Fredriksen - billionaire major owner of Seadrill - join the board - issues;
- Seadrill - double stake in SKP to about 13 percent - issues;
- Brazil - potential - prospects -
- SKP - merger - concerns - lack of substantial cost-saving opportunities  - ability to hire highly skilled labour.