Seadrill To Sell Qatar Jack-Up Fleet to Unspecified Buyer for Undisclosed Terms
Portfolio Pulse from Lekha Gupta
Seadrill Ltd (NYSE:SDRL) is in discussions to divest its Qatar Jack-up fleet, including the West Castor, West Telesto, and West Tucana rigs, as well as its 50% stake in Gulfdrill, a joint venture with Gulf Drilling International. No deal has been reached, and financial terms have not been disclosed.
June 26, 2023 | 12:11 pm
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Seadrill Ltd is in discussions to divest its Qatar Jack-up fleet and its 50% stake in Gulfdrill. No deal has been reached, and financial terms have not been disclosed.
Seadrill is in discussions to divest its Qatar Jack-up fleet and its 50% stake in Gulfdrill, which could potentially impact its stock price. However, since no deal has been reached and financial terms have not been disclosed, it is difficult to predict the short-term impact on the stock price. Therefore, the score is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100