Borr Drilling sells two jack-up rigs

Published by Nicholas Woodroof, Editor
Oilfield Technology, Friday, 01 May 2020 11:00

Borr Drilling has sold two standard jack-up drilling rigs, the Dhabi II and the Paragon B152, for total cash proceeds of US$15.8 million, including the associated backlog effective from 1 April 2020.

The company will continue to operate the rigs under a services agreement . The rigs are unencumbered, and the liquidity effect for the company is equal to the sales proceeds. The company expects to record a gain of approximately US$11.5 million.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/01052020/borr-drilling-sells-two-jack-up-rigs/

CGG, TGS and BGP complete next phase of 3D multi-client survey offshore Suriname

Wednesday 22 March 2023 10:57

Fast-track products for this recently completed Phase IV will be ready for review towards the middle of this year, with the final products for the entire programme available in late 2023.

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