Fascination About Cameron Selling Jack-up Rig Business for $100M - Natural

5m legs/ payload 610t Build Date:1999, De Donge, Thailand, Class: BVDims (L x B x Dr.) (m):42 x 23. 50 x 2. 65Depth (m):3. 5Leg Length (L & Dia ):37. 5m legs, Deck Load (t/m2): Payload (t):610 Accommodation: Crane: Hull type (monohull or modular): Monohull 2022 DSB OFFSHORE LTD Company Registration Number: 1542063 2022 DSB OFFSHORE LTD Company Registration Number: 1542063 Strictly Necessary These cookies are required for our website to run and consist of products such as whether or not to display this pop-up box or your session when visiting to the site.

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OSLO, May 15 (Reuters) - Norway's Borr Drilling prepares to buy five brand-new jack-up oil drilling rigs from an Asian shipyard for a total of $720 million, the company stated on Tuesday. Related Source Here , founded by Norwegian investor Tor Olav Troeim and backed by oil service firm Schlumberger, stated it would issue a $350 million convertible bond to help fund the purchase.

The business has grown rapidly given that its starting in 2016 through a series of acquisitions, focusing on jack-up rigs that appropriate to drill in shallow waters, such as in the Middle East. The most recent deal will bring the company's total fleet to 29 rigs, consisting of those under building and construction. Borr Drilling competes in the jack-up market with companies such as Shelf Drilling, Ensco N > and Rowan.