Seadrill Inks Agreement To Sell Its Qatar Jack-Up Fleet
Portfolio Pulse from Benzinga Newsdesk
Seadrill has agreed to sell three jack-up rigs and its 50% equity interest in a joint venture operating these rigs offshore Qatar to Gulf Drilling International for $338 million.
May 16, 2024 | 11:25 am
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Seadrill has entered into an agreement to sell three jack-up rigs and its 50% equity interest in a joint venture to Gulf Drilling International for $338 million.
The sale of assets for $338 million will likely improve Seadrill's liquidity and financial position, which is positive for the stock in the short term.
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