Notes

5 Easy Facts About Proposed 1977 Outer Continental Shelf Oil and Gas Lease Sale Shown


<h1 style="clear:both" id="content-section-0">The smart Trick of Houston Co-Headquartered Drilling Co Bolsters ADES Ties That Nobody is Talking About<br></h1>
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<p class="p__0">If you can not find the new or used overseas rigs of any type, size or make that you are trying to find, please send us an email to and we shall use you.</p>
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<img width="486" src="https://img.offshore-mag.com/files/base/ebm/os/image/2020/07/valaris115.5f0dd0367d4ea.png?auto=format&amp;w=720">
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="http://www.martechenergy.com/images/martech-energy/content/offshore-rigs/300ft%20Jack%20Up%20Rig%20Friede%20Goldman%20Super%20M2%20Ext.jpg" alt="DP1 Self Elevation Unit – Jack Up Barge For Sale File-0204"><span style="display:none" itemprop="caption">Where oil rigs go to die - Oil - The Guardian</span>
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<p class="p__1">Image: The Jack-up Transocean Constellation II. New about Transocean Ltd. (NYSE:RIG) The overseas drilling Industry is suffering through the worst bear cycle in history. The oil crash that began late in 2014 has actually had an awful result especially on the overseas drilling gamers such as Transocean, Seadrill (NYSE:SDRL), Rowan Business (NYSE:RDC), Ensco Plc.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://offshoretags.com/wp-content/uploads/2016/04/DP1-Self-Elevation-Unit-%E2%80%93-Jack-Up-Barge-For-Sale-File-0204.jpg" alt="Offshore Oil Drilling Rigs For sale and charter, Semi-sub Drilling Rigs for sale &amp; charter, Single Pint Mooring (SPM) for sale, Jackup Rigs for Sale, 2000hp offshore rigs, 2000 hp offshore rigs,"><span style="display:none" itemprop="caption">Where oil rigs go to die - Oil - The Guardian</span>
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<p class="p__2">Consequently, competitors is naturally becoming fiercer, because the overseas jack-up market (shallow waters) and the overseas floater market are oversupplied by a wide range of rigs, modern and old, that compete against each other for a really limited amount of agreements at low day rate, often close to breakeven level. Find Out More Here is the uncontested leader in the deep water sector (floaters) with a remarkable backlog estimated at over $10.</p>
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<p class="p__3">Today, this article has to do with the jack-up part of Transocean which may be divested to Borr Drilling, a brand-new company formed in Norway. We learned on Friday by Evercore ISI's James West and group, who were commenting about a news initially announced by Tradewinds: We kept in mind in our Wrap-up and Weekly that Borr Drilling was apparently thinking about buying Transocean's jackup fleet.</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="Cosco delivers abandoned jack-up rig for drilling work offshore China - Upstream Online"><span style="display:none" itemprop="caption">Borr Drilling Limited Announces Sale of Two Standard Jack-up Drilling Rigs - VesselFinder</span>
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<h1 style="clear:both" id="content-section-1">What Does Borr Drilling Limited – Sale of two standard jack-up drilling rigs Do?<br></h1>
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<p class="p__4">2 billion deal to obtain a fleet of 15 RIG jackups. The prospective transaction would entail Transocean's entire active fleet of 10 high-specification jack-ups, plus another 5 newbuilds under building at Singapore's Keppel FELS, for an overall price of $1. 2 billion. Another $1. 125 billion is due on the five newbuilds, which would be presumed by Borr Drilling as these rigs have been delayed up until 2020.</p>
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<p class="p__5">Half of Transocean's active jack-up fleet is presently stacked while the other half is contracted for 38 rig months (typical 7. 6 months per rig) for $172 million in backlog (only 1. 5% of RIG's total $11. 3 billion). [note from Fun trading: backlog is now $10. 8 billion and JU backlog represents $161 million] We would be aggressive buyers of Transocean if this transaction materializes, as it would monetize an under-utilized jack-up fleet that averages 13.</p>
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