Seadrill sells jackup rig to PT Duta Marine

John Fredriksen’s offshore drilling firm Seadrill has agreed to sell its 2008-built jackup rig West Vigilant to Indonesia’s PT Duta Marine.

The sale price is $7.3m, and will see Fearnleys receive a brokerage fee of 3.5% after the sale.

Seadrill filed for chapter 11 in the Southern District of Texas in February this year. Since then, the drilling company has been busy working on a comprehensive restructuring.

Last month, Norwegian business daily Finansavisen reported that Seadrill sold five rigs for scrapping at Rota Shipping in Turkey. The yard paid $37.8m for the five units.

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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