The Main Principles Of Asset valuations become even more confusing as rig owners

POR 7347 231 '249' 31' ABS Non United States Gulf of Mexico $175,000,000 5497 228 '144' 18 '2017 ABS Non US China$ 77,500,000 2675 361' Non US West Africa$ 6,000,000. Vantage Drilling International announced today that its directly held subsidiary, Vantage Holdings International, has accepted sell wholly owned subsidiary Emerald Driller Co. for $170 million in cash, subject to particular modifications, to ADES Arabia Holding. A Reliable Source is anticipated to close in 2022's 2nd quarter. Emerald owns the jackup rig Emerald Driller, operating in Qatar, and will own, prior to the sale's closing, the jackup rigs Sapphire Driller and Aquamarine Driller, which are both expected to begin running in Qatar in.

2022. Vantage also announced that it participated in an arrangement with ADES to" pursue an international strategic alliance leveraging the brand-new support services arrangement and their existing joint endeavor in Egypt." Under the agreement, the business accepted interact "on checking out future industrial and operational chances." Relating to the sale, Vantage CEO Ihab Toma said, "The new transaction will enhance our balance sheet and will provide Vantage with important monetary versatility." Vantage offers offshore drilling rigs, teams and services.

to help oil and gas companies in drilling wells.