Seadrill Limited closes the tender rig T-16 transaction (Scandinavian Oil-Gas Magazine)

Seadrill Limited closes the tender rig T-16 transaction

Published Oct 23, 2013

Seadrill secures new tender rig contract in Indonesia-Spotlight

Seadrill Limited has completed the previously announced transaction to sell the T-16 tender rig to Seadrill Partners with effect from October 18, 2013.

The agreed upon sale is for a total price of US$200 million, less approximately US$93 million of debt outstanding under the credit facility secured by the T-16.

Seadrill Limited has therefore sold the company that owns the T-16 in exchange for approximately US$107 million in unregistered common units that Seadrill Partners has issued to Seadrill Limited.

Tags: Seadrill Limited

Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font

Top Stories

New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.

Rystad Energy - Borr Drilling takes charge of the jackup market

Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.

Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.

Southwest Research Institute (SwRI) - IMSF2

SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS²), to be held April 25-26, 2018, at SwRI’s headquarters...

[ In News ]

Energy Demand Grows as Fuel Mix Continues to Diversify

Unique Group Launches Unique Equipment Manager

Archer to Provide Casing Accessories and Cementing Equipment in Asia Pacific

Wärtsilä and Maersk Drilling Create a Joint 25-Year Strategy for Thruster Services

Research Becomes Useful Technology for Society Through Strategic Partnership

Seadrill Limited closes the tender rig T-16 transaction

Related links

[ In News ]