Skip to main content
  1. Home
  2. Offshore & subsea
  3. 01 May 20
  4. Borr Drilling sells two jack-up rigs

Borr Drilling sells two jack-up rigs

Published by , Editor
Oilfield Technology,

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/

You might also like

McDermott awarded offshore contract by Brazil's BRAVA Energia

Under the contract scope, McDermott will execute the transportation and installation of flexible pipelines, umbilicals and associated subsea equipment for two new wells at the Papa-Terra field and two new wells for the Atlanta Phase 2 development.

 
 

Embed article link: (copy the HTML code below):