Notes

The Greatest Guide To Shipyard Financiers Face $15.2 Bil Newbuild Drilling Rig Loss


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<h1 style="clear:both" id="content-section-0">An Unbiased View of Keppel LeTourneau<br></h1>
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<p class="p__0">for the 5 jack-ups and will need to pay an extra expense for the current delivery delay. Third, the rig fleet will be considerably lowered without impacting significantly incomes. A Reliable Source will decrease to 46 floaters and two drillship under construction. Nevertheless, this number will be lower due to the fact that the business is listing actually 22 cold stacked floaters and 10 floaters "held for sale". Which suggests that the RIG fleet might eventually decrease to roughly 25 floaters at the end of 2017. 10 per diluted share, internet of tax ), related to the disability 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 associated and other equipment, which were classified as assets held for sale at the time of disability. 2 billion for the 15 jack-ups. I securely believe Evercore ISI's James West and group explanation concerning the jack-up examination is not logical. 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://cyprusshippingnews.com/wp-content/uploads/2020/10/New-Project-19-12.jpg" alt="SUPER M 2 300ft Jack‐up Drilling Platform - Allship - Shipbroker - Sale &amp; Purchase"><span style="display:none" itemprop="caption">Borr Drilling sale of rig “Atla” to an independent operator - Cyprus Shipping News</span>
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<p class="p__1">conclude that the rate was expensive? In fact, I consider it as a reasonable offer and here is why. Approximated worth of $290 million ($ 60 million per JU plus 30% of backlog ). 2- 5 Jack-ups cold stacked ($ 30 million each )and 1 Jack-up($ 60 million )soon to be idle. Approximated Worth of $210 million. 3 -5 Jack-ups under-construction with shipment in 2020-2021 for a total cost remaining of $810 million +recent delay expenses. I see this deal as a favorable deal for Transocean and Borr Drilling too, who will own a competitive and fairly modern-day Jack-up fleet at a large discount. Transocean will be able to minimize net financial obligation to around$ 4. 3 billion, with a considerable lower capex in 2020-2021 and just 2 drillships under-construction to take care about. Home Ships Offshore Jack-up Rigs/ Drill Ships Just major and ready Purchaser requirement to apply. Tks. Ngiamlim we can establish for charter or sale the connected Boost offshore Drilling Rig Specs for evaluation versus called buyer! roglim for charter on consider a sale for the connected Jack Up Rig Last 5 year SPS was December 2017 Please find</p>
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