Seadrill subsidiary Seadrill Jack-up Holding agreed to pay USD 235 million for 100% of the shares and certain intercompany obligations of Prospector Offshore Drilling subsidiary Prospector Rig3 Owning Company (PR3OC). Prospector will receive a total of USD 55.2 million from Seadrill. The transaction includes PR3OC’s yard construction contract with Dalian Shipbuilding Industry Offshore for the new-build, high-specification jack-up rig Prospector 3. The rig, scheduled to be delivered in first-quarter 2014, has a water depth capacity of 400 ft and a drilling depth capacity of 35,000 ft.


Don't miss the latest content delivered to your email box weekly. Sign up for the JPT newsletter.