The Buzz on Offshore Drilling Rigs For Sale - Horizon Ship Brokers, Inc.

The Buzz on Offshore Drilling Rigs For Sale - Horizon Ship Brokers, Inc.

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5 million that it has actually already utilized or intends to utilize to decrease its financial obligation. Source: Business Press Release Do you have interesting content to show us? Enter your e-mail address so we can get in touch.


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BAAR, Switzerland, March 25, 2019/ PRNewswire/-- Weatherford International plc (NYSE: WFT) (the "Company" or "Weatherford") today revealed it has actually completed the sale of 2 land drilling rigs that were transferred in Algeria and has delivered 2 idle land drilling rigs from Iraq. The Company got $10 million in money for each of the land drilling rigs transferred in Algeria and an additional $12 million in cash for the shipment of two idle land drilling rigs beyond Iraq, for aggregate proceeds of $32 million.


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5 million (the "Transaction"). The Transaction consists of 31 land drilling rigs and related drilling contracts, in addition to around 2,300 workers and contract personnel. These transactions are the last in a series that underwent regulative approvals, consents and other popular closing conditions. In December 2018, the Business revealed the closing of its Accuracy Drilling Solutions Saudi Arabia land drilling operations for $92.


In November 2018, the Business announced the closing of its Kuwait land drilling rigs sale for $123 million in money, and an extra $12 million to be gotten in equal $6 million increments upon the shipment of two idle land drilling rigs from Iraq. In  Related Source Here , the Company revealed the completion of the sale of 4 contracted drilling rigs in Algeria for $40 million in money.