Seadrill is looking to sell three jackup rigs and an equity interest in its Qatari joint venture, Gulfdrill.
The New York- and Oslo-listed rig owner said it is in active talks with undisclosed buyers for the West Castor, West Telesto and West Tucana.
The trio is on bareboat charter to Seadrill’s 50/50 JV with Gulf Drilling International, established in 2019, to manage and operate jackup rigs in Qatar.
Seadrill noted it has yet to reach an agreement on material terms, including price, with any potential purchaser.
“Any transaction remains subject to additional due diligence and the negotiation and execution of definitive agreements. There is no certainty at this stage that the process will continue or that a transaction will materialize,” the company said in a filing on Monday.
