Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ARCHIVE
    • Printed Issues Offshore Magazine
    • Downloads
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Online OER Magazine
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Aban Offshore to sell four rigs to ADES

Wednesday, April 20 2022

Fossil Energy – Drilling

Indian offshore drilling contractor Aban Offshore has agreed to sell four offshore drilling rigs to ADES for $106 million in total.

The sale and purchase agreement between the parties were entered into on Wednesday, 13 April 2022.

The deal concerns the sale of rigs Deep Driller 2, Deep Driller 4, Deep Driller 5, and Deep Driller 6.

Each rig is owned by a separate step down subsidiary of the company.

The sale is expected to complete by 31 May 2022, the company said in a statement on Thursday, 14 April 2022.

The sale is subject to the approval of shareholders which is being sought through postal ballot process. The voting result will be disclosed on 26 April 2022.

Aban Offshore owns and operates several offshore drilling rigs, drill ships, and a floating production facility.

It is engaged in exploratory services, drilling services, production of hydrocarbons and manning and management.

Related posts:

  1. Wildcat well for Equinor
  2. Hydrocarbons encountered at Hamlet well
  3. Aker Solutions delivers Njord A platform
  4. New contracts for Borr Drilling

Filed Under: Aban Offshore, Drilling, drilling rig, International News, Oil and Gas Tagged With: Aban Offshore, Ades, Sale


Read Magazine Online


Event List

  • Reuters Events: Global Energy Transition 2022
    • 14/06/2022 - 15/06/2022
  • WindEnergy Hamburg 2022
    • 27/09/2022 - 30/09/2022
  • Offshore Energy Exhibition & Conference 2022
    • 29/11/2022 - 30/11/2022
    • Amsterdam
  • all events

Follow us on Twitter

Tweets door @OERnews

Copyright © Practica Productions - All rights reserved - 2022 cookies