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.