Fossil Energy – Sale of Tender Units
Drilling firm Seadrill announced that it has entered into definitive sale and purchase agreements to sell three tender-assist units to Energy Drilling for a total of $85 million in cash.
The units are the West Vencedor, T-15 and T-16.
The operations and marketing of the Tender-Assist Units are currently managed by Edrill under existing agreements. The Transaction is subject to customary closing conditions and is expected to close early Q3 2023. Upon closing of the Transaction, the Tender-Assist Units will be owned by Edrill.