Seadrill in Talks to Sell Jack-up Rig Trio in Qatar

West Telesto (Photo: Seadrill)
West Telesto (Photo: Seadrill)

Offshore drilling firm Seadrill said Monday it was in active discussions to sell jack-up rigs West Castor, West Telesto, and West Tucana.

The three jack-ups which are bareboat chartered by Seadrill to Gulfdrill, a 50:50 joint venture between Seadrill and Gulf Drilling International, and Seadrill's 50% equity interest in Gulfdrill, in Qatar.

"Seadrill has not reached agreement yet 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," Seadrill said.


Current News

Danos Leaders Recognized in “40 Under 40” Lists

Danos Leaders Recognized in “4

ExxonMobil to Drill for Gas Off Cyprus in January

ExxonMobil to Drill for Gas Of

Mocean Energy Raising Funds to Advance Wave Energy Tech

Mocean Energy Raising Funds to

Seadrill’s Drillships Getting Ready to Start Work Off Brazil

Seadrill’s Drillships Getting

Subscribe for OE Digital E‑News

Offshore Engineer Magazine