Offshore drilling contractor Seadrill Limited (NYSE: SDRL) reports that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 million. “With the sale of the West
Photo: Seadrill
Offshore drilling contractor Seadrill Limited (NYSE: SDRL) reports that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 million.
“With the sale of the West Prospero , we have monetized a non-core asset that has been stacked since 2016 and successfully executed on our strategy to exit the benign jack-up market,” said president and chief executive officer, Simon Johnson.
The West Prospero is an independent leg cantilever jack-up drilling rig built in 2007 by Keppel FELS (KFELS) in Singapore.
It has a maximum drilling depth of 30,000 feet and can operate in water depths up to 400 feet.
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