1/800 Scale Model Offshore oil Prospector 5 jack-up rig Diecast Model

Some Known Details About Vantage Drilling International Strengthens Relationship

On January 30, 2017, we found out from Offshore, Energy, Today the following: U.S.-based Dleif Drilling has turned down an offer made by Borr Drilling, previously understood as Magni Drilling, for the sale of the drillship Serto. Dleif received the deal for the drillship in November 2016 from the then Magni Drilling.

Keppel delivers jackup rig to Grupo R on sale and leaseback deal – Energy Northern Perspective

The sixth generation deepwater drillship (2012) used to be owned by the Brazilian bankrupted, Schahin Group and was under long-term charter with the state-owned oil giant Petrobras. The drillship dealt with the Libra field together with Scahin's other drillship, Cerrado, which was bought at an auction by Ocean Rig in April 2016 for $65 million.

This is a considerable news for Transocean, since the company will divest its entire non-core jack-up fleet, including its five jack-ups under-construction. The monetary implications can run deep into RIG balance sheet and it is necessary to evaluate this major relocation in information. For the ones who wish to revitalize their memory, it is essential to read my post about the 4Q' 16.

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Barge Rigs Things To Know Before You Buy

Initially, Transocean will become a "deepwater player" specifically, which will not impact significantly earnings. Fleet Operating Data for 2016 per Quarter. Sector 4Q '16 $ million 3Q '16 $ million 2Q '16 $ million 1Q '16 $ million UDW 560 583 556 621 HE Floaters 100 103 100 181 Deepwater 35 43 51 85 Midwater 30 87 133 138 HS JU 66 66 74 82 Termination fee 169 9 9 4 Contract intangible 2 4 4 209 Client Reimbursable 12 11 16 21 Total in$ million 974 906 943 1,341 As we can see, RIG 2016 earnings were $ 4,164 million and profits from HS jack-ups were $288 million( $526 million in 2015), representing. RIG ended 2016 with a money and cash equivalent of $3. 052 billion and a long term financial obligation 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 teleconference: Capital expenditures in 2017 are expected to be roughly$ 500 million. In 2018, we anticipate Cap, Ex of roughly$ 325 million. This consists of approximately $100 million in
newbuild Cap, Ex and $245 million for upkeep and other Cap, Ex. Second, by monetizing its non-core Jack-up fleet, RIG will save a significant quantity of Cap, Ex in 2020-2021 and most likely a fair amount of headache also. 1 billion. The rigs are arranged to be delivered gradually from 1Q 2016 to 3Q 2017. Click Here For Additional Info paid $290 million.