Jack Up Rigs For Sale - Offshore Jack Up Rigs For Sale - SWTC

The 4-Minute Rule for Maersk's drilling rig sale boosts New Fortress' floating LNG

for the five jack-ups and will need to pay an extra expense for the recent shipment hold-up. Third, the rig fleet will be significantly minimized without affecting substantially incomes. The fleet will decrease to 46 floaters and 2 drillship under construction. Nevertheless, this number will be lower since the company is listing in fact 22 cold stacked floaters and 10 floaters "held for sale". Which means that  Source  may eventually go down to approximately 25 floaters at the end of 2017. 10 per diluted share, net of tax ), related to the impairment of the deepwater floaters M.G. Hulme, Jr. and Sedco 702 and the midwater floaters, GSF Rig 140, Sedco 704, Transocean Driller, Transocean John Shaw and Transocean Winner, in addition to associated and other equipment, which were classified as properties held for sale at the time of impairment. 2 billion for the 15 jack-ups. I securely believe Evercore ISI's James West and group explanation concerning the jack-up evaluation is not logical. They should not have used a typical expense of $120 million per rig as they did, and.

Maersk Drilling completes North Sea jackup sale - Offshore

conclude that the price was expensive? In truth, I consider it as a reasonable deal and here is why. Estimated worth of $290 million ($ 60 million per JU plus 30% of backlog ). 2- 5 Jack-ups cold stacked ($ 30 million each )and 1 Jack-up($ 60 million )soon to be idle. Approximated Worth of $210 million. 3 -5 Jack-ups under-construction with shipment in 2020-2021 for an overall cost remaining of $810 million +current hold-up costs. I see this offer as a favorable transaction for Transocean and Borr Drilling also, who will own a competitive and fairly contemporary Jack-up fleet at a large discount. Transocean will have the ability to decrease net financial obligation to approximately$ 4. 3 billion, with a considerable lower capex in 2020-2021 and only 2 drillships under-construction to make sure about. House Ships Offshore Jack-up Rigs/ Drill Ships Just severe and all set Buyer need to use. Tks. Ngiamlim we can develop for charter or sale the connected Boost overseas Drilling Rig Requirements for evaluation against called purchaser! roglim for charter on consider a sale for the attached Jack Up Rig Last 5 year SPS was December 2017 Please find