Aquadrill sells semisub to PetroRio

London-headquartered rig owner Aquadrill has struck a deal with Brazilian oil and gas player PetroRio to sell its 2011-built ultra-deepwater semisubmersible, Capricorn, for $40m.

Aquadrill said the rig is expected to be used by PetroRio on its acreage in Brazil, thereby removing it from open market tenders for drilling units. PetroRio noted, however, that it could also lease the rig to third parties in the future.

As part of the deal, PetroRio has already paid a $1m non-refundable exclusivity fee and should deposit a further $4m on or before June 22, 2022. The balance of the purchase price is due upon delivery and completion of the sale, which is expected to take place by August 5, 2022. Arctic Offshore Rig acted as the broker in the deal.

Aquadrill owns nine offshore drilling units. The operations and marketing of its rigs are managed by Diamond Offshore Drilling, Energy Drilling, Odfjell Drilling, Seadrill and Vantage Drilling.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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