Oil & Gas Drilling Rigs, Buy Gas and Oil offshore Rigs, Sell Used Offshore Jackup  Rigs, Buy semi-sub rigs, Offshore Drilling Rigs

The 8-Second Trick For Jack-up barges for sale - DSB Offshore

On January 30, 2017, we learned from Offshore, Energy, Today the following: U.S.-based Dleif Drilling has turned down an offer made by Borr Drilling, formerly called Magni Drilling, for the sale of the drillship Serto. Dleif got the offer for the drillship in November 2016 from the then Magni Drilling.

Keppel delivers additional jackup to Grupo R with sale, leaseback deal -  Drilling Contractor

The 6th generation deepwater drillship (2012) used to be owned by the Brazilian bankrupted, Schahin Group and was under long-lasting charter with the state-owned oil giant Petrobras. The drillship dealt with the Libra field together with Scahin's other drillship, Cerrado, which was purchased at an auction by Ocean Rig in April 2016 for $65 million.

This is a substantial news for Transocean, because the business will divest its whole non-core jack-up fleet, including its 5 jack-ups under-construction. The financial implications can run deep into RIG balance sheet and it is crucial to evaluate this major move in information. For the ones who wish to revitalize their memory, it is very important to read my article about the 4Q' 16.

Martech Energy - Marathon LeTourneau Jackup Drilling Rig for Sale

The Ultimate Guide To Jack up drilling rig for sale - Oil Patch Surplus

First, Transocean will become a "deepwater gamer" solely, which will not affect significantly profits. Fleet Operating Stats for 2016 per Quarter. Segment 4Q '16 $ million 3Q '16 $ million 2Q '16 $ million 1Q '16 $ million UDW 560 583 556 621 HE Floaters 100 103 100 181 Deepwater 35 43 51 85 Midwater 30 87 133 138 HS JU 66 66 74 82 Termination charge 169 9 9 4 Contract intangible 2 4 4 209 Client Reimbursable 12 11 16 21 Overall in$ million 974 906 943 1,341 As we can see, RIG 2016 revenues were $ 4,164 million and earnings from HS jack-ups were $288 million( $526 million in 2015), representing. RIG ended 2016 with a money and money equivalent of $3. 052 billion and a long term financial obligation of $7. 5 billion (Total financial obligation$ 8. 546 billion ). Cap, Ex 2016 was $ 1. 344 billion. M. Marc Mey, CFO, stated in the last conference call: Capital expenditures in 2017 are expected to be roughly$ 500 million. In 2018, we anticipate Cap, Ex of roughly$ 325 million.  Source  consists of around $100 million in
newbuild Cap, Ex and $245 million for maintenance and other Cap, Ex. Second, by monetizing its non-core Jack-up fleet, RIG will conserve a significant amount of Cap, Ex in 2020-2021 and most likely a reasonable quantity of headache also. 1 billion. The rigs are scheduled to be provided gradually from 1Q 2016 to 3Q 2017. Transocean already paid $290 million.