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What Does Noble Corpsells four jack-up rigs - Oilfield Technology Do?


<h1 style="clear:both" id="content-section-0">Not known Details About Maersk Drilling Sells Two Jack-Up Rigs to New Fortress<br></h1>
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<p class="p__0">Keppel O&amp;M had received 20% deposit of the original agreement value for Cantarell III when the contract was checked in 2013. Cantarell III will be leased back to Grupo R on a bareboat charter at competitive day rates over 10 years, and will be released to work 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 can buy the rig at pre-agreed costs throughout the term of the bareboat charter. After the fifth year, Keppel O&amp;M may, at its discretion, put the rig to Grupo R at a pre-agreed rate. Mr Tan Leong Peng, Executive Director (New Develops) of Keppel O&amp;M stated, "We are happy to participate in a mutually useful 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 looks for to increase oil production, need for jackup rigs has actually been rising. "Our first sale and leaseback plan with Grupo R on the Cantarell IV has actually worked well. A Reliable Source , which was warm stacked in our yard from 2016 to the start of 2019, was able to go directly to the field upon delivery and attain 99% uptime in its operations.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.maritime-executive.com/media/images/PR2019/Cantarell-III-jackup-rig.028d11.jpg" alt="Maersk holds off on drilling rig fire sale - WorkBoat"><span style="display:none" itemprop="caption">InfieldRigs - The online rigs data portal for the offshore oil and gas drilling market</span>
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<p class="p__3">We anticipate Cantarell III to likewise serve Grupo R well upon implementation in Mexico." The KFELS B Class design is the industry benchmark for jackup rigs. It has proven its effectiveness and efficiency in lots of fields around the world, and more than 10 KFELS B Class systems have been provided to Mexico.</p>
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<h1 style="clear:both" id="content-section-1">Little Known Facts About Noble Corporation Completes Sale Of Four - PR Newswire.<br></h1>
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<img width="490" src="https://i2.wp.com/www.lonestardrills.com/wp-content/uploads/2019/11/water-well-casing-flush-tool.jpg?ssl=1">
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<p class="p__4">Cantarell III is equipped with Keppel's proprietary Rig, Care Option - a suite of digital services to support the rig's lifecycle requirements, significantly increasing uptime and safety while minimizing upkeep costs. Together with the Cantarell IV jackup rig, which was delivered by Keppel to Grupo R earlier 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="https://horizonship.com/wp-content/plugins/mhs_ships/images/1551424836_0_tmb.jpg" alt="World's Largest Jack-Up Rigs Delivered"><span style="display:none" itemprop="caption">Riviera - News Content Hub - Borr Drilling trims rig fleet, sells two for US$14.5M</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 global oil companies searching for extra 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 meet their requirements with high quality rigs from Keppel such as the Cantarell III.</p>
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