Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Another stranded newbuild drillship acquired

Thursday, January 5 2023

Fossil Energy – Drillship

Esgian Rig Service reported that the 12,000-ft seventh-generation West Dorado drillship has been sold to Eldorado Drilling, a newly established company owned by a group of investors.

The sales price is understood to be just over $200 million, and Esgian Rig Values estimate the market value in the range of $235 million to $260 million.

The drillship was first ordered by Seadrill in 2013, but it was later cancelled following the company’s restructuring in 2018. Samsung Heavy Industries then assumed ownership of the unit.

Related posts:

  1. Sembcorp world’s second 8th-generation drillship
  2. New contract for West Vela
  3. Saipem strengthens its offshore drilling fleet
  4. Seadrill plans to take over management of acquired rigs

Filed Under: drillship, International News Tagged With: drillship, Eldorado Drilling, West Dorado

All rights reserved - 2025 cookies