The Best Guide To India's ONGC seeks to buy new build jack-up rigs - Energy Voice

for the five jack-ups and will need to pay an extra expense for the current delivery delay. Third, the rig fleet will be substantially decreased without affecting substantially profits. 1000 hp workover rigs will decrease to 46 floaters and 2 drillship under building and construction. Nevertheless, this number will be lower due to the fact that the company is listing really 22 cold stacked floaters and 10 floaters "held for sale". Which implies that the RIG fleet may ultimately go down 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 associated and other devices, which were classified as possessions held for sale at the time of disability. 2 billion for the 15 jack-ups. I strongly think Evercore ISI's James West and team description regarding the jack-up evaluation is not sensible. They should not have used a typical expense of $120 million per rig as they did, and.

conclude that the cost was too expensive? In truth, I consider it as a fair 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. Estimated Value of $210 million. 3 -5 Jack-ups under-construction with shipment in 2020-2021 for an overall rate staying of $810 million +recent delay expenses. I see this offer as a favorable deal for Transocean and Borr Drilling as well, who will own a competitive and relatively contemporary Jack-up fleet at a big discount rate. Transocean will have the ability to lower net financial obligation to around$ 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 Just major and ready Buyer requirement to use. Tks. Ngiamlim we can establish for charter or sale the connected Jack Up offshore Drilling Rig Requirements for evaluation against 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

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