Shelf Drilling expands rig fleet with Seadrill jackups

seadrill

Seadrill has agreed to sell three jackups to Dubai-based Shelf Drilling for $225 million.

The West Triton and West Resolute are due to be delivered by the end of May and the West Mischief during 3Q, after completion of its current drilling contract with NDC offshore Abu Dhabi.

Seadrill adds that debt outstanding on the three rigs is $102 million, providing excess sale proceeds of $123 million.

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