Notes

The 3-Minute Rule for Borr Drilling sells cold-stacked jack-up rig - Offshore Energy


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<h1 style="clear:both" id="content-section-0">Buy Singapore's Oil-Rig Makers - Barron's Things To Know Before You Get This<br><img width="433" src="http://powerrig.net/wp-content/uploads/2017/09/IMG_0198.jpg"><br></h1>
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<p class="p__0">for the five jack-ups and will have to pay an additional cost for the current delivery delay. Third, the rig fleet will be considerably reduced without impacting substantially earnings. The fleet will decrease to 46 floaters and 2 drillship under building and construction. Nevertheless, this number will be lower since the company is listing really 22 cold stacked floaters and 10 floaters "held for sale". Which implies that the RIG fleet may eventually decrease to roughly 25 floaters at the end of 2017. 10 per diluted share, web of tax ), related to the problems of the deepwater floaters M.G. Hulme, Jr. and Sedco 702 and the midwater floaters, GSF Rig 140, Sedco 704, Transocean Driller, Transocean John Shaw and Transocean Winner, together with related and other equipment, which were categorized as possessions held for sale at the time of problems. 2 billion for the 15 jack-ups. I strongly think Evercore ISI's James West and group description relating to the jack-up assessment is not rational. They should not have applied an average expense of $120 million per rig as they did, and.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://cdn.maerskdrilling.com/media/1756/giant-0008.jpg?width=640&amp;height=360&amp;mode=crop&amp;center=0.5%2C0.5&amp;format=jpg" alt="JACK-UP RIGS AND HOW THEY WORK - Globat Oil and Gas Skills"><span style="display:none" itemprop="caption">Maersk Drilling completes North Sea jackup sale - Offshore</span>
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<p class="p__1">conclude that the price was too expensive? In reality, I consider it as a fair offer and here is why. Approximated value of $290 million ($ 60 million per JU plus 30% of stockpile ). 2- 5 Jack-ups cold stacked ($ 30 million each )and 1 Jack-up($ 60 million )quickly to be idle. Estimated Value of $210 million. 3 -5 Jack-ups under-construction with delivery in 2020-2021 for an overall rate remaining of $810 million +current hold-up costs. I see this offer as a positive transaction for Transocean and Borr Drilling also, who will own a competitive and fairly modern Jack-up fleet at a big discount. A Reliable Source will be able to lower net financial obligation to roughly$ 4. 3 billion, with a considerable lower capex in 2020-2021 and just two drillships under-construction to make sure about. Home Ships Offshore Jack-up Rigs/ Drill Ships Only serious and prepared Purchaser requirement to apply. Tks. Ngiamlim we can develop for charter or sale the attached Jack Up overseas Drilling Rig Specs for review versus called buyer! roglim for charter on think about a sale for the connected Jack Up Rig Last 5 year SPS was December 2017 Please find</p>
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My Website: https://postheaven.net/daterefund50/an-unbiased-view-of-borr-drilling-limited-sale-of-rig-cision-news