Offshore drilling contractor Borr Drilling has entered into an settlement to promote its cold-stacked jack-up drilling rig Atla to an impartial operator.

The jack-up rig Atla is stacked within the United Arab Emirates.

Announcing the sale on Wednesday, Borr Drilling mentioned that the completion of the sale is predicted within the fourth quarter of 2020.

Together with the beforehand introduced sale of the usual jack-up drilling rig Eir, which has been accomplished in October, the corporate will report complete money proceeds of $13 million.

Borr Drilling has not revealed the title of the impartial operator that purchased the rig.

The Atla rig is of a Friede & Goldman JU 2000 design in-built 2003 by PPL Shipyard PTE Ltd in Singapore.

With the sale of those jack-ups, the rig proprietor famous it continues to ship on its fleet technique of divesting inactive, chilly stacked models and deal with the trendy and core fleet of premium jack-up rigs.

Back in May 2020, Borr Drilling additionally offered two jack-up rigs for complete money proceeds of $15.eight million.

The two rigs offered had been the Dhabi II and the Paragon B152, in-built 1981 and 1982, respectively.

The sale additionally included the related backlog efficient from 1 April 2020.

Following these latest rig gross sales, Borr Drilling may have 28 fashionable property constructed after 2011, and one remaining older chilly stacked rig which is prone to be offered inside the fourth quarter.

The put up Borr Drilling sells cold-stacked jack-up rig appeared first on Offshore Energy.

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