Notes

Unknown Facts About Offshore Jack Up Rigs For Sale - SWTC


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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://images.oedigital.com/images/maritime/w600/jackup-drilling-production-facility-inspirer-126960.jpg" alt="CP-300 Jackup - Drilling Rigs for Sale - Oilfield Equipment - Offshore Rigs and Vessels"><span style="display:none" itemprop="caption">Transocean sells jack-up rig fleet to Borr Drilling - Houston Business Journal</span>
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<h1 style="clear:both" id="content-section-0">Jackup Rig 300 foot WD Things To Know Before You Get This<br></h1>
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<p class="p__0">On January 30, 2017, we learned from Offshore, Energy, Today the following: U.S.-based Dleif Drilling has actually rejected a deal made by Borr Drilling, previously called Magni Drilling, for the sale of the drillship Serto. Dleif received the offer for the drillship in November 2016 from the then Magni Drilling.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://image.cnbcfm.com/api/v1/image/100464318-transocean-gulf-mexico-rig-getty.jpg?v=1360950548" alt="Gulf of Mexico oil and gas lease sale nets $275 million - WorkBoat"><span style="display:none" itemprop="caption">Maersk Drilling Sells Two Jack-Up Rigs to New</span>
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<p class="p__1">The sixth generation deepwater drillship (2012) utilized to be owned by the Brazilian bankrupted, Schahin Group and was under long-lasting charter with the state-owned oil giant Petrobras. The drillship dealt with the Libra field together with Scahin's other drillship, Cerrado, which was purchased an auction by Ocean Rig in April 2016 for $65 million.</p>
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<p class="p__2">This is a significant news for Transocean, due to the fact that the business will divest its entire non-core jack-up fleet, including its 5 jack-ups under-construction. The monetary ramifications can run deep into RIG balance sheet and it is very important to analyze this significant move in information. For the ones who desire to revitalize their memory, it is necessary to read my post about the 4Q' 16.</p>
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<img width="329" src="https://www.flowtechenergy.com/wp-content/uploads/Skytop-Brewster-N-95-1500-HP-Drilling-Rig-6.jpg">
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://cdn.offshorewind.biz/wp-content/uploads/sites/6/2018/11/05035315/maersk-giant-2-source-maersk-flickr.jpg" alt="Self-elevating JUP RIG Jack-up Rig MLT 116C Le Tourneau 300 ft- Allship - Shipbroker - Sale &amp; Purchase"><span style="display:none" itemprop="caption">Jackup Drilling Rigs for sale, Used Jackup rigs for sale, Jackup rigs</span>
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<h1 style="clear:both" id="content-section-1">The Ultimate Guide To Where oil rigs go to die - The Guardian<br></h1>
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<p class="p__3">Initially, Transocean will become a "deepwater player" exclusively, which will not impact considerably profits. Fleet Operating Stats for 2016 per Quarter. Sector 4Q '16 $ million 3Q '16 $ million 2Q '16 $ million 1Q '16 $ million UDW 560&nbsp;583&nbsp;556&nbsp;621 HE Floaters 100&nbsp;103&nbsp;100&nbsp;181 Deepwater 35 43 51 85 Midwater 30&nbsp;87&nbsp;133&nbsp;138 HS JU 66 66 74 82 Termination cost 169 9 9 4 Agreement intangible 2 4 4 209 Customer Reimbursable 12 11 16 21 Total in$ million 974&nbsp;906&nbsp;943 1,341 As we can see, RIG 2016 earnings were $ 4,164 million and incomes from HS jack-ups were $288 million( $526 million in 2015), representing. RIG ended 2016 with a money and money equivalent of $3. 052 billion and a long term debt of $7. 5 billion (Overall financial obligation$ 8. 546 billion ). Cap, Ex 2016 was $ 1. 344 billion. M. Marc Mey, CFO, stated in the last conference call: Capital expenditures in 2017 are prepared for to be approximately$ 500 million. In Click Here For Additional Info , we anticipate Cap, Ex of roughly$ 325 million. This consists of around $100 million in<br>newbuild Cap, Ex and $245 million for maintenance and other Cap, Ex. Second, by monetizing its non-core Jack-up fleet, RIG will save a considerable quantity of Cap, Ex in 2020-2021 and most likely a reasonable quantity of headache also. 1 billion. The rigs are arranged to be provided gradually from 1Q 2016 to 3Q 2017. Transocean already paid $290 million.</p>
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