Notes

Maersk's drilling rig sale boosts New Fortress' floating LNG - Questions


<h1 style="clear:both" id="content-section-0">An Unbiased View of Norway's Borr Drilling to buy five jack-up oil rigs for $720 mln<br></h1>
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<p class="p__0">Keppel O&amp;M had gotten 20% deposit of the initial agreement worth for Cantarell III when the agreement was checked in 2013. Cantarell III will be rented back to Grupo R on a bareboat charter at competitive day rates over 10 years, and will be deployed to operate in offshore Mexico on a charter which will begin in 1Q 2020.</p>
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<p class="p__1">Under the bareboat charter, Grupo R has the right to purchase the rig at pre-agreed costs during the term of the bareboat charter. After the 5th year, Keppel O&amp;M may, at its discretion, put the rig to Grupo R at a pre-agreed cost. Mr Tan Leong Peng, Executive Director (New Develops) of Keppel O&amp;M stated, "We are pleased to enter into an equally beneficial arrangement which will make it possible for Grupo R to release another high-performance rig for its operations in Mexico.</p>
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<p class="p__2">As Mexico seeks to increase oil production, demand for jackup rigs has actually been rising. " Related Source Here and leaseback arrangement with Grupo R on the Cantarell IV has worked well. Cantarell IV, which was warm stacked in our backyard from 2016 to the start of 2019, had the ability to go straight to the field upon delivery and accomplish 99% uptime in its operations.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://media.bizj.us/view/img/5505621/gulf-rig*1200xx3000-1685-0-90.jpg" alt="Transocean rig sale to Borr Drilling"><span style="display:none" itemprop="caption">When a Hurricane Hits an Offshore Oil Platform - The Atlantic</span>
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<p class="p__3">We expect Cantarell III to similarly serve Grupo R well upon release in Mexico." The KFELS B Class style is the industry criteria for jackup rigs. It has actually shown its robustness and effectiveness in numerous fields around the world, and more than 10 KFELS B Class units have actually been provided to Mexico.</p>
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<h1 style="clear:both" id="content-section-1">The 10-Minute Rule for Jackup Rigs for Sale, Used Jackup Rigs, New - World-rigs<br></h1>
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<p class="p__4">Cantarell III is equipped with Keppel's proprietary Rig, Care Solution - a suite of digital services to support the rig's lifecycle requirements, considerably increasing uptime and safety while reducing maintenance costs. Together with the Cantarell IV jackup rig, which was delivered by Keppel to Grupo R previously this year, they are the industry's very first drilling rigs with Smart Notations.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="http://www.aemodels.com/images/thumbs/service_rig_img4.jpg" alt="Jack up rig - SHIP-BROKER"><span style="display:none" itemprop="caption">Drill Rigs for Sale and Vessels for Sale - Sun Machinery</span>
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<p class="p__5">Mr Jose Ramiro Garza, CEO of Grupo R included, "We are positive of the long-term outlook of the Mexican rig market with Pemex and international oil business looking for additional jackup rigs to support the nation's target to increase Mexicos oil and gas production. As a leading rig operator in Mexico, we are well positioned to satisfy their needs with high quality rigs from Keppel such as the Cantarell III.</p>
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