Borr drilling transocean


Borr Drilling deliver high quality drilling operations in hydrocarbon basins around the world. On completion of Transocean’s management focussed graduate program I was seconded to the Projects group as an operations engineer fulfilling the role as a project engineer. The 15 units comprise 10 of Transocean’s existing jack up View Bjoern Ritter’s profile on LinkedIn, the world's largest professional community. 35 billion. ZUG, Switzerland, May 31, 2017 (GLOBE NEWSWIRE) -- Transocean Ltd. That includes Transocean’s existing I have a sound progressive experience with Transocean since my joining as a Country Controller in year 2005. HAMILTON, Bermuda – Borr Drilling Ltd. Colin has 5 jobs listed on their profile. Call Us Now!Looking for a water bore drilling team to design and construct Drilling A Bore For Water | Search Drilling A Bore For Waterau. After announcing the intent to acquire 15 high-specification jack-up rigs from Transocean in March 2017, Borr Drilling has now renamed them as follow: GSF Constellation I = Atla GSF Constellation II = Balder GSF Galaxy I = Baug GSF Galaxy II = Brage GSF Galaxy III = Eir GSF Monarch = Fonn Transocean Andaman = Idun […]OSLO/LONDON (Reuters) - Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean’s fleet of shallow-water drilling rigs for $1. Norwegian offshore drilling contractor Borr Drilling is planning to buy 15 jack-up drilling rigs from Swiss-based Transocean for $1. It provides services to oil and gas exploration and production industry worldwide. "The merger of Transocean Offshore and Sedco Forex Offshore will bring together two of the most modern and versatile fleets in the offshore drilling industry and create a truly global offshore Oil and Gas International (OGI) is the world's leading and most respected online source of upstream petroleum industry news, information, and analysis including exploration & discoveries, drilling & completion, development & production, licensing & concessions, geosciences, HSE, company news, and much more So right now the all crews have to looking for the new jobs due to all the jack up rigs have already sold out to Borr drilling company, Norway. Item 8. (NYSE:RIG) announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited ("Borr") for a total consideration of approximately $1. The sale included the company's 10 high-specification jackups and five jackups under construction View Alex Taranyuk’s profile on LinkedIn, the world's largest professional community. Mar 20, 2017 Borr Drilling announced on Monday the signing of a letter of intent with Transocean for the acquisition of 15 high-specification jack-up rigs. 35 billion deal, Borr said in a statement on Monday. 1 Sep 2017 After announcing the intent to acquire 15 high-specification jack-up rigs from Transocean in March 2017, Borr Drilling has now renamed them 22 Mar 2018 Borr Drilling offered to buy Paragon Offshore for $232. Borr Drilling deliver high quality drilling operations in hydrocarbon basins around the world. Skald and Saga are first two of five Super B Class jack-ups Transocean has commissioned to Keppel Fels for construction at US$1. November 26, 2018. 25, Barron'sJack Willoughbyrecommended buying shares of Transocean, arguing that the offshore driller could gain 35% due to the company's ability to cut costs, and the potential for higher EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean’s fleet of shallow-water drilling rigs for $1. (NYSE:RIG) announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited ('Borr On the 20th March, Borr Drilling announced its intention to acquire Transocean's entire remaining fleet of 15 high-specification jackups. View Thomas McCormack’s profile on LinkedIn, the world's largest professional community. Apply Today & Find Your Perfect Job!AdCheck out Drilling jobs on s. As of December 31, 2017, the company operated a fleet of 26 jack-up drilling rigs. Consolidations would likely lead to a less-fragmented sector RigSpot. Advice to Management Should be considered to transfer the crews to another drill ship if posible due to many crews are still need to stay in this company. The rig market deal is Borr's Borr Drilling Limited announced Monday that it has signed a deal with Transocean for the acquisition of 15 high-specification jack-up rigs. Offshore drilling company Borr Drilling, which “has taken Offshore drilling company Borr Drilling, which “has taken the jack-up rig hoarding to a new level,” Asif Pathan menyukai ini View Jerry Murphy’s profile on LinkedIn, the world's largest professional community. Sells Jackup Fleet to Borr Drilling ZUG, Switzerland, May 31, 2017 -- Transocean Ltd. Transferred to Transocean John Shaw in May 2000 when Shaw went out on contract, and still employed as Barge Supervisor on the John Shaw. Contract value largely intact with slight reduction of 1. (NYSE:RIG) announced today that it has completed the previously disclosed… You must be a paid subscriber to view this content. RIG, +1. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately $1. Shares of Switzerland-based Transocean fell Monday after international drilling contractor Borr Drilling announced it will acquire 15 of Transocean's rigs in a deal valued at $1. Transocean’s buyout of Songa Offshore and Borr Drilling’s acquisition of Paragon Offshore also raised optimism within the sector. Current: Borr Drilling Limited (“Borr”) has Bekijk het profiel van Michael Medlock op LinkedIn, de grootste professionele community ter wereld. Borr Drilling has announced the signing of a Letter of Intent with Transocean for the acquisition of 15 high-specification jack-up rigs. Offshore driller Borr Drilling has taken delivery of the jack-up rig Saga, built by Keppel in Singapore. (RIG - Free Report) recently signed an agreement to sell 15 jack-up drilling rigs to the Norwegian offshore drilling contractor Borr Drilling. Scott has 3 jobs listed on their profile. Transocean Sells Jackup Fleet To Borr Drilling June 1, 2017. Built to Keppel’s KFELS Super B Class design, the Saga is the first of five jackup rigs that Keppel is building for Borr Drilling. Worapot Bekijk het profiel van Andrew Gaddini op LinkedIn, de grootste professionele community ter wereld. com. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately USD 1. Radio Officer at TRANSOCEAN OFFSHORE DEEPWATER DRILLING INC. ’s (NYSE: RIG) 15 high-specification jack-up rigs. Borr Drilling has agreed to buy 15 drilling rigs from Swiss-based Transocean in a $1. AdSearch for Job Drilling. Borr Drilling Limited (BDRILL) – Purchase of own shares. Offshore drilling giant Transocean Ltd. As of December 31, 2016, Transocean has already contributed Borr Drilling Intends to Acquire 15 High-Specification Jackup Rigs from Transocean. RIG recently signed an agreement to sell 15 jack-up drilling rigs to the Norwegian offshore drilling contractor Borr Drilling. 08 billion to the yard while Transocean gets rid of $1. 35 billion OSLO/LONDON (Reuters) - Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean’s fleet of shallow-water drilling rigs for $1. construction) for $1. 7 billion). In 2013, Transocean had ordered five KFELS Super B Class jackup rigs from Keppel FELS for US$1. Under new agreement, Borr Drilling will take over contracts and undertake remaining payment The higher revenue in 9M 2018 was largely due to revenue recognition on delivery of six jack-up rigs to Borr Drilling, one jack-up rig to BOTL, the sale of the West Rigel semi-submersible rig (renamed Transocean Norge), and higher recognition for ongoing drillship …Borr Drilling has agreed to buy 15 drilling rigs from Swiss-based Transocean in a $1. A plunge in oil prices in 2014 forced oil firms to cut back on offshore View Scott Mathers’ profile on LinkedIn, the world's largest professional community. Rigmar awarded multi million pound contract with Transocean. The current Zacks Consensus Estimate for the quarter under review is a loss of 9 Borr Drilling signed a letter of intent with Transocean to buy 15 high-specification jackup rigs, consisting of 10 rigs in Transocean’s fleet and five newbuilds under construction at Keppel FELS. 54 billion) and made a 20% downpayment. 9 million. The new drilling company, founded by two former senior execs from Fredriksen's Seadrill, plans to go public in Norway and expects to submit an application in late August, says the company in a press release. Borr said last Friday that Svend Anton Maier would continue to be the chief operating officer while Rune Magnus Lundetrae would be the deputy CEO and chief financial officer. AdExperienced Bore Drilling Operators At Competitive Rates. Borr Drilling will also make a down payment of USD$275 million. See the complete profile on LinkedIn and discover Bjoern’s connections and jobs at similar companies. 35 billion deal, Borr said in a statement on Monday. announced Tuesday an agreement to buy offshore drilling contractor Ocean Rig UDW Inc. Transocean, executives at Borr Drilling and Troeim were not immediately available for comment. 35 billion deal. 7 weeks onboard the Borr drilling Rig( Frigg) for reactivation (KFELS Super class A jack up) Following the critical paths to completion of the reactivation Electrical planning for daily activities of the junior crew. uppercutconcretecutting/coring/cuttingAduppercut has a good reliable service with 20yrs experience 24/7 serviceThis comes on the back of news that Borr Drilling is seeking to acquire Transocean’s jackup fleet for US$1. SINGAPORE (June 1): Keppel Corporation says subsidiary Keppel FELS has entered into an agreement with Borr Drilling to novate the construction contracts of the five jackup rigs currently being built by Keppel FELS for Transocean to Borr Drilling. We do it safely – and efficiently. Transocean Ltd. Keppel Corp (KEP SP) - Borr Drilling Eyes Transocean’s Five Newbuilds at Keppel. View Doug McEwan’s profile on LinkedIn, the world's largest professional community. announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited ("Borr") for a total consideration of approximately $1. May 31, 2017. View Ken Johnson’s profile on LinkedIn, the world's largest professional community. However, UOB says the impact on …Offshore driller Transocean has agreed to sell its fleet of shallow-water drilling rigs to Norwegian startup Borr Driling for $1. Borr Drilling said it will own 24 rigs after the transaction, including rigs under construction, and expected rig dayrates to start rising into 2019 as oil firms increase capital spending on exploration after years of cuts. RIG is expected to release third-quarter 2018 results after the close of trading on Monday, Oct 29. Transocean is expected to continue operating the three jackups working in Thailand until the current drilling contracts expire and will reflect the associated revenue and expenses in income from Borr Drilling’s name comes up every time. * Borr in deal to buy Transocean's 15 shallow-water rigs * Transocean keeps deepwater units * Borr raises $800 mln in equity (Recasts, adds comment, background, bullets, detail)Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean's fleet of shallow-water drilling rigs for $1. Jerry has 3 jobs listed on their profile. Photo: Transocean Recently established Borr Drilling plans to seek an IPO in Norway. Offshore. , Hamilton, Bermuda, has agreed to acquire 15 high-specification jack up rigs from Transocean Ltd. 35 billion in March 2017. 35 billion, and consists of all of Transocean’s jackups, comprising 10 rigs in its existing fleet and five Norway’s newly created drilling contractor, Borr Drilling, has signed a deal to acquire a fleet of Transocean rigs for $1. Sells Jackup Fleet to Borr Drilling NYSE:RIGhttps://globenewswire. Borr has acquired 2 Jack-up from Hercules and 15 Jack-Up from Transocean. As Upstreamonline first reported and we discussed last week, Norwegian startup Borr Drilling has been sniffing around Transocean’s jackup fleet. Alex has 6 jobs listed on their profile. Currently, Borr owns 15 jack-up drilling rigs plus 11 units Borr Drilling’s name comes up every time. 35 billion as it continues to streamline its operations in response Borr Drilling will acquire 10 jack-up rigs currently in operation by Transocean and their remaining contract value, and five newbuildings under construction at Keppel FELs in Singapore, and the Borr Drilling has agreed to buy 15 drilling rigs from Swiss-based Transocean in a $1. Andrew Gaddini heeft 3 functies op zijn of haar profiel. 43 Yrs Exp. Borr Drilling to splash out $1. 01Other Events. The deal will allow Transocean to focus on deepwater exploration as it adjusts to the slump in oil prices. On the 20th March, Borr Drilling announced its intention to acquire Transocean's entire remaining fleet of 15 high-specification jackups. Assistant Driller at Borr Drilling. On Monday, Borr Drilling put out a press release confirming the reports. Keppel FELS and Borr Drilling have agreed on construction contracts for the five jackup rigs currently being built by Keppel for Transocean, following this week’s earlier announcement of Transocean’s jackup fleet sale to Borr. net is a small website created to track the current movements of Mobile Offshore Drilling Unit (MODU) rigs using free information available from the web. (:RIG) announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited ('Borr') for a total consideration of approximately $1. , an international drilling contractor in the oil and gas industry, plans to buy all of Transocean’s 15 high-specification jack-up rigs. au/Concrete/DrillingAdFast & Reliable Concrete Drilling Service. Borr, which currently owns just two rigs, will pay $90 million on average for each of the 15 Transocean rigs. Borr Drilling said it will own 24 rigs after the transaction, including rigs under construction, and expected rig day rates to start rising into 2019 as oil firms increase capital spending on exploration after years of cuts. The Norwegian startup is “closing in” on a $1. 3 billion on nine jack-up rigs Offshore driller Borr Drilling Limited has signed a master agreement for the acquisition of nine premium jack-up rigs from Sembcorp Marine’s PPL Shipyard. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a 9 Oct 2017 Offshore drilling company Borr Drilling has agreed to purchase nine Earlier this year Borr Drilling acquired Transocean's entire fleet of 15 16 May 2018 On Tuesday Borr Drilling announced a $350m bond offering for the Read More: Borr Drilling to buy Transocean's jack-up rig fleet for $1. The Oslo listed rig operator announced the move in a statement. Fredriksen's private investment vehicle Seatankers bought the new West Mira rig from the Hyundai Samho Heavy Industries <009540. Deal Highlights The Borr Drilling has announced the signing of a Letter of Intent with Transocean for the acquisition of 15 high-specification jack-up rigs. ZUG, Switzerland , May 31, 2017 -- Transocean Ltd. Thomas has 4 jobs listed on their profile. Upstream reported that Borr Drilling is looking to acquire Transocean’s jack-up fleet (including its five newbuilds at Keppel) for US$1. , an international drilling contractor in the oil and gas industry, plans to buy all of Transocean’s 15 high-specification jack-up rigs. On Feb. reporting to OIM and Rig Manager. Borr in Transocean Rig Raid Monday 20 March 2017. *An oil and gas platform with a walkway. Earlier in March, Transocean had sold its series of shallow-water drilling rigs to Norwegian firm Borr at an estimated price of $1. S> shipyard for an undisclosed sum just a week ago. OSLO, March 20 (Reuters) - Oslo-listed rig operator Borr Drilling has agreed to buy 15 drilling rigs from Swiss-based Transocean in a $1. 35 billion, and consists of all of Transocean’s jackups, comprising 10 rigs in its existing fleet and fiveLeading offshore yard Keppel Fels has reached an agreement with Borr Drilling to assume ownership of five Super B Class jackup rigs that were ordered by Transocean in 2013. Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean's fleet of shallow-water drilling rigs for $1. Sells Jackup Fleet to Borr Drilling Jun 2, 2017 Transocean Ltd. 5 million in a push to consolidate the fragmented rig market, it said on Thursday. Completion of the transaction is expected to take place by the end of May. Senior Assistaint Driller ที่ Transocean ที่ Transocean. The rigs, designed to operate in 400ft water depth and drill to 35,000ft, were originally scheduled for delivery between 2016 and 2017 but had been deferred by Transocean to 2020 . 20 March 2017, Oslo — Oslo-listed rig operator Borr Drilling has agreed to buy 15 drilling rigs from Swiss-based Transocean in a $1. Mar 22, 2018 Borr Drilling offered to buy Paragon Offshore for $232. Offshore drilling giant Transocean Ltd. 080 billion (less installments already paid by Transocean). Sells Jackup Fleet to Borr Drilling. 21/03/2017 · Borr Drilling Ltd. The transaction is expected to total around $1. 14 billion of remaining newbuild obligations. Transocean and other deepwater drillers exited the shallow water market because just as in subsea there are far lower barriers to entry and therefore more Borr Drilling Ltd. ZUG, Switzerland, May 31, 2017-- Transocean Ltd. While the Transocean rigs are marked as “safe” contracts in our model, the earlier delivery of first three rigs and further downpayment by Borr Drilling enables Keppel to improve cashflow and minimise risks of the projects. The 15 units comprise 10 of Transocean’s existing jack up ZUG, Switzerland, May 31, 2017 (GLOBE NEWSWIRE) -- Transocean Ltd. Get A Quotes!Concrete Grinding, Concrete Drilling and Concrete Removal in Newcastle24/7 customer service · Over 43 years experience · Professional servicesServices: Wall Sawing, Hand & Ring Sawing, Joint Sealing, Wire SawingDrilling Services | Professional Servicehttp://www. See the complete profile on LinkedIn and discover Ken’s connections and jobs at similar companies. Natthaphol Laosrirattana. Amphion - Cyberbase high spec Jackup rig Reactivation of Transocean Honor now with Borr Drilling, her name was changed to Norve. 2 billion deal to acquire a fleet of 15 RIG jackups. As Upstreamonline first reported and we discussed last week, Norwegian startup Borr Drilling has been sniffing around Transocean’s jackup fleet. Transocean had delayed the delivery of the five new rigs until 2020, but with Borr taking over payments, the first three will be delivered in 2017-2018. (NYSE:RIG) announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited (“Borr”) for a total consideration of approximately $1. This involved the definition, planning, execution, and close-out phases of a reactivation Borr said it has already paid a deposit to Transocean for the rigs, adding that it has secured $800 million in financing through a private placement of shares. For the non-believers Borr is a play on a market recovery in shallow water drilling and operations that has been called too early and simply has no market pricing power or backlog to take on the quantum of new units they have committed to. 46% announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited ("Borr") for a total consideration of About Borr Drilling Ltd Borr Drilling Limited provides international oil and gas drilling services. What’s New Keppel signs agreement with Borr Drilling for Transocean units. Transocean and other deepwater drillers exited the shallow water market because just as in subsea there are far lower barriers to entry and therefore more Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean's fleet of shallow-water drilling rigs for $1. Transocean's stock drops after deal to buy Ocean Rig for $2. Provider of exploration drilling services created to deliver innovative drilling technologies. Borr said it has already paid a deposit to Transocean for the rigs, adding that it has secured $800 million in financing through a private placement of shares. 9 Oct 2017 Borr Drilling, a recently established offshore drilling company is getting to the rigs it had already bought from Transocean and Hercules. Singaporean rig builder Keppel FELS has entered into an agreement with Borr Drilling to take over the contracts and remaining payments for five jackup rigs ordered by Transocean. See the complete profile on LinkedIn and discover okeji’s connections and jobs at similar companies. agreements with Borr Drilling to novate the construction contracts of the five jackup rigs currently being built by Keppel FELS for Transocean Ltd (“ Transocean ”) to Borr Drilling. Following last week’s news that Transocean is selling its shallow water fleet consisting of 15 high specification jackup rigs to Borr Drilling, Keppel announced that it has entered into a Heads of Agreement with Borr Drilling for the novation of five KFELS Super B Transocean Inc. 35bn. Borr Drilling today announced the LOI to purchase Transocean’s 15 jackups in addition to a USD 800m equity offering. the transaction consists of transocean’s entire jack-up fleet, comprising 10 rigs in transocean’s fleet and 5 new-builds under construction at keppel fels limited. See the complete profile on LinkedIn and discover Doug’s connections and jobs at similar companies. Borr Drilling Limited announced Monday that it has signed a deal with Transocean for For the non-believers Borr is a play on a market recovery in shallow water drilling and operations that has been called too early and simply has no market pricing power or backlog to take on the quantum of new units they have committed to. 5 million, the latest move to consolidate an industry sector overshadowed by a boom in A deal rumored last week came to fruition this morning, as Borr Drilling announced that it was indeed planning to buy 15 shallow-water rigs, known as jackups in industry parlance, from Transocean's . The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile ZUG, Switzerland, May 31, 2017 (GLOBE NEWSWIRE) -- Transocean Ltd. Borr drilling Limited is pleased to announce the signing of a letter of intent with Transocean for the acquisition of 15 high-specification jack-up rigs. borr drilling transoceanTransocean Ltd. , Hamilton, Bermuda, has agreed to acquire 15 high-specification jack up rigs from Transocean Ltd. Given the continued softness in the offshore drilling demand during the second quarter, the market expects Transocean (NYSE:RIG), the world’s largest offshore drilling company, to post a weak of Agreement with Borr Drilling Limited of Bermuda (Borr Drilling), with the approval of Transocean, whereby the construction contracts for the five jackup rigs currently being built by Keppel FELS for Transocean will be novated to Borr Drilling. The transaction consists of Transocean’s entire jack Borr Drilling is a Rubin’s Transocean and other deepwater drillers exited the shallow water market because just as in subsea there are far lower barriers to Borr Drilling Ltd. . The 15 Borr Drilling is reportedly interested in purchasing Transocean’s jackup fleet. Title: Head Of Supply Chain at Borr …Location: الإمارات العربية المتحدة500+ connectionsRelated Searches for borr drilling transoceanborr drilling houstonborr drilling ltdborr drilling limitedborr drilling stock message boardborr drilling companyborr drilling logobore drillingCore Hole Drilling | Cost Effective Solutionshttp://www. 35billion, claiming they wanted to focus only on deep and ultra-deepwater oil extraction. The Transocean transaction is expected to Transocean is expected to continue operating the three jackups working in Thailand until the current drilling contracts expire and will reflect the associated revenue and expenses in income from Borr raises $350 million in a matter of minutes as it takes a new bite out of the distressed asset fleet. 3B to Borr Drilling. ZUG, Switzerland, May 31, 2017 (GLOBE NEWSWIRE) — Transocean Ltd. Borr Drilling booked a net deficit in the third quarter, however it saw tendering activities accelerate over the period. The OSLO, March 20 (Reuters) - Norwegian upstart Borr Drilling , founded last year by former executives of financially troubled Seadrill, has snapped up Transocean's fleet of shallow-water oil and gas exploration rigs in a $1. With Transocean's billion dollar takeover of Ocean Rig, the outlines of a new and forward-looking rig market are emerging, one in which Maersk Drilling features among the major players. au/Drilling/ContractorsAdProfessional Drilling Services. The sale of 14 jack-up rigs will contribute a double-digit profit to the bottom line of Tor Olav Trøim's Borr Drilling in the second quarter. businesstimes. OSLO/LONDON (Reuters) - Borr Drilling , founded by former executives of financially troubled Seadrill , has snapped up Transocean's fleet of shallow-water drilling rigs for $1. Whatever you think of Borr’s latest jackup deal with Keppel FELS, the fact is that they’re eating up the market while everyone else watches. AdSearch Bore water drilling on Pronto. Skald and Saga are first two of five Super B Class jack-ups Transocean has commissioned to Keppel Fels for …The higher revenue in 9M 2018 was largely due to revenue recognition on delivery of six jack-up rigs to Borr Drilling, one jack-up rig to BOTL, the sale of the West Rigel semi-submersible rig (renamed Transocean Norge), and higher recognition for ongoing drillship …Transocean agreed to acquire the offshore-drilling contractor in a cash-and-stock transaction valued at roughly $2. 35 billion (1. 2017. As an Operations Engineer for Transocean you are exposed to all aspects of operating an offshore drilling unit on a daily basis. See the complete profile on LinkedIn and discover Scott’s connections and jobs at similar companies. The transaction consists of Transocean It is worth reminding that, after Borr acquired two Hercules jack-ups in 2016, it also bought additional 15 jack-up drilling rigs from the Swiss-based Transocean for $1. Borr Drilling Signs Deal With Transocean to Buy 15 Rigs Monday, March 20, 2017 Borr Drilling Limited signs a deal with Transocean for the acquisition of 15 high-specification jack-up rigs. I was first promoted as Gulf of Guinea Division Supply Chain Manager within 2 years of span following by another appraisal as Mediterranean Division Supply Chain Manager in year 2009. Free. Transocean have handed over the unit to new owner Borr Drilling. ZUG, Switzerland, May 31, 2017-- Transocean Ltd. I have worked on cyber based, deep water drilling units in various international locations with multinational crews since 2008. Borr Drilling will now make a down payment of $275 million against a slightly lower total price of $1. Location Raipur Area, India Industry Oil & Energy. The transaction consists of Transocean's entire jack-up fleet, comprising 10 rigs in Transocean's fleet and 5 new-builds under construction at Keppel Fels. 1 billion (S$1. Transocean has pivoted of late to focus on deeper waters, selling its shallow water jack-up rig business earlier this year for $1. 7 Weeks onboard Borr drilling rig (Norve) as Electrical co-ordinator of electrical crew)(Projects) 7 weeks onboard the Borr drilling Rig( Frigg) for reactivation (KFELS Super class A jack up) Following the critical paths to completion of the reactivation After Borr Drilling bought out Transocean’s jackup fleet plus a couple of distressed jackups from Hercules, Transocean turned around and is investing the money into Songa Offshore. 5 million in grew rapidly by buying jackup rigs from Hercules, Transocean and PPL. SINGAPORE - Keppel FELS has entered into an agreement under which Borr Drilling, an upstart Norwegian firm, will take over the contracts and remaining payments for an order made by Transocean. Transocean jackup Transocean Andaman has completed its long term charter with Chevron in Thailand, for whom it had worked since 2013, and has been released. Bekijk het volledige profiel op LinkedIn om de connecties van Michael Medlock en vacatures bij vergelijkbare bedrijven te zien. Now they’ve taken another large bite out of the supply of stranded newbuild jackups. Borr Drilling has signed a letter of intent (LOI) with Transocean to acquire a fleet of 15 high-specification jack-up rigs for $1. The transaction consists of Transocean's entire jack-up fleet, comprising 10 rigs in Transocean's fleet and 5 new-builds under construction at Keppel Fels. 35 billion, reducing its rig count amid an ongoing slump in offshore drilling that has left about half of the global rig fleet idol. novacut-srp. com3,300+ followers on TwitterAdFind Bore Water Drilling Here in seconds!HAMILTON, Bermuda -- Borr Drilling has announced the signing of a Letter of Intent with Transocean for the acquisition of 15 high-specification jackup rigs. 2 billion ($1. Analysts mostly have “Buy” or “Strong Buy” ratings for Borr Drilling, Odfjell Drilling, Transocean and Northern Drilling, according to Thomson Reuters data, as they have the most exposure Borr Drilling Limited is an international drilling contractor to the oil and gas industry, with the ambition of acquiring and operating modern drilling assets. for $1. In addition, Borr has Transocean Ltd. Borr Drilling Signs Deal With Transocean to Buy 15 Rigs Monday, March 20, 2017 Borr Drilling Limited signs a deal with Transocean for the acquisition of 15 high-specification jack-up rigs. Découvrez le profil de Steven "Acky" Atkinson sur LinkedIn, la plus grande communauté professionnelle au monde. I am an Oil & Gas professional with 17 years history in providing human resources, training, operational leadership, marketing and contracting strategies at all levels of an organization. We So right now the all crews have to looking for the new jobs due to all the jack up rigs have already sold out to Borr drilling company, Norway. Suresh has 11 jobs listed on their profile. Keppel Corporation Limited : Keppel signs heads of agreement with borr drilling for transocean rigs . Borr Drilling Ltd. 22/03/2018 · OSLO (Reuters) - Offshore rig firm Borr Drilling said on Thursday its chief executive Simon Johnson was leaving the company in light of its acquisition of rival Paragon Offshore. (RIG - Free Report) is expected to release third-quarter 2018 results after the close of trading on Monday, Oct 29. zapmeta. A move of ZUG, Switzerland, May 31, 2017 (GLOBE NEWSWIRE) -- Transocean Ltd. According to the driller, which recently bought Transocean’s entire jack-up rig fleet, the company has, together with its Nigerian partner Valiant Energy Services West Africa On the 20th March, Borr Drilling announced its intention to acquire Transocean's entire remaining fleet of 15 high-specification jackups. View Colin Singer’s profile on LinkedIn, the world's largest professional community. 4 billion. 35bn. The Company offers a fleet of rigs which delivers offshore deep water drilling operations. Borr in Transocean Rig Raid Monday 20 March 2017. Following a competitive tender, oil giant Transocean, has awarded Rigmar with a multi million pound shipyard services contract to complete works on the Galaxy II. . 35 As an Operations Engineer for Transocean you are exposed to all aspects of operating an offshore drilling unit on a daily basis. Transocean swoops in to buy rival Ocean Rig Borr Drilling cuts 66 jobs in Texas Company preparing to close on $232. 15+ Yrs Of Exp. According to the driller, which recently bought Transocean’s entire jack-up rig fleet, the company has, together with its Nigerian partner Valiant Energy Services West Africa, received the commitment letter from Total in Nigeria, for employment of the Frigg jack-up drilling rig. Hamilton, Bermuda, June 1, 2017 - With reference to the press release issued March 20, 2017 Borr Drilling Limited ("Borr Drilling" or "Company") is pleased to announce the completion of the transaction with Transocean for the acquisition of 15 high-specification jack-up rigs. "I was fortunate enough to have the opportunity to work with Richard when he was assigned as the Supply Chain Manager for the Mediterranean Division with Transocean and I also had the opportunity to work with him when I moved to Shelf Drilling where Richard was the Director of Supply Chain. The rig market deal is Borr's biggest since it was set up last year by Tor Olav Troeim andBorr Drilling has agreed to buy 15 drilling rigs from Swiss-based Transocean in a $1. Mechanic at Transocean. Borr Drilling was founded by former John Fredriksen and Seadrill senior executives Tor Olav Troim and Fredrik Halvorsen, both directors of the firm. Joseph is a global oil & gas professional with 18 years of multi-jurisdictional legal, commercial, compliance and leadership experience with the world’s top oil and gas organisations. Craig has 6 jobs listed on their profile. Borr Drilling dips into reserves as $20m buyback begins Tor Olaf Troim-backed vehicle to pay about $745m for former Transocean ordered rigs. Five jackup rigs currently being built by Keppel FELS Limited (Keppel FELS) for Transocean will be novated to Borr Drilling Limited of Bermuda (Borr Drilling), due …Thus, Borr Drilling is paying $1. That includes Transocean’s existing Borr Drilling has signed a letter of intent (LOI) with Transocean to acquire a fleet of 15 high-specification jack-up rigs for $1. Borr Drilling, (formerly Magni Drilling) a recently established Norwegian drilling start-up, has teamed up with the world’s biggest oil service firm Schlumberger. Browse Job Drilling ResultsAdFind, compare & read real reviews of Drilling Services1,500+ followers on TwitterAdNew: Drilling Job. From gCaptain. announced the completion the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately $1. and ChevronTexaco Announce New World Water-Depth Drilling Record in 10,011 Feet of Water 11/13/2003 Transocean Inc. 4%. borr drilling transocean The transaction consists of Transocean Transocean is expected to continue operating the three jackups working in Thailand until the current drilling contracts expire and will reflect the associated revenue and expenses in income from Norway’s newly created drilling contractor, Borr Drilling, has signed a deal to acquire a fleet of Transocean rigs for $1. Borr Drilling has inked a letter of intent to acquire the entire jack-up fleet of Transocean in a proposed deal worth around $1. 35 billion deal. Joseph involved in wide range legal, commercial compliance and leadership exposures - from petroleum block bidding round, exploration, project evaluation, drilling and oilfield services contract drafting and negotiations, oil facilities construction to the decommissioning aspect of oilfields. Michael Medlock heeft 6 functies op zijn of haar profiel. The Transocean transaction is expected to Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean's fleet of shallow-water drilling rigs for $1. Keppel Corp - Signs agreement with Borr Drilling for Transocean units. May 16, 2018 On Tuesday Borr Drilling announced a $350m bond offering for the Read More: Borr Drilling to buy Transocean's jack-up rig fleet for $1. OSLO, March 20 (Reuters) - Oslo-listed rig operator Borr Drilling has agreed to buy 15 drilling rigs from Swiss-based Transocean in a $1. Delivery of the jack-up named Skald came half a year after that of Borr Drilling’s rig, Saga. Borr Drilling Limited is pleased to announce the signing of a letter of intent with transocean for the acquisition of 15 high-specification jack-up rigs. Oct 9, 2017 Borr Drilling, a recently established offshore drilling company is getting to the rigs it had already bought from Transocean and Hercules. Early delivery of first three units and further downpayment of 25% improves cash flow. Last May, Borr completed the $1. The LOI includes 10 rigs in Transocean’s fleet and 5 rigs currently under construction at Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine. View Adeniji Kazeem’s profile on LinkedIn, the world's largest professional community. Bought Switzerland-based Transocean's fleet of shallow-water drilling rigs. Borr Drilling is reportedly interested in purchasing Transocean’s jackup fleet. The current Zacks Consensus Estimate for the quarter under review is a loss of 9 cents on revenues of $777. This follows the earlier acquisition of Atwood Oceanics by Ensco. Many assume that Seadrill's restructuring or bankruptcy will lead to multiple rig sales. (NYSE:RIG) announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling agreements with Borr Drilling to novate the construction contracts of the five jackup rigs currently being built by Keppel FELS for Transocean Ltd (“ Transocean ”) to Borr Drilling. See the complete profile on LinkedIn and discover Richard’s RigSpot. gmx. However, UOB says the impact on …SINGAPORE - Keppel FELS has entered into an agreement under which Borr Drilling, an upstart Norwegian firm, will take over the contracts and remaining payments for an order made by Transocean. Keppel Corporation Limited : Keppel signs heads of agreement with borr drilling for transocean rigs . Borr Drilling’s recent splurge in the jackup market, acquiring Transocean’s fleet of ten (10) rigs plus the five (5) that Transocean had under construction at KeppelFELS, and now another nine (9) “stranded” rigs from Singapore's PPL shipyard, added to the two (2) distressed units they purchased off Hercules earlier, will give them eventually a fleet… Borr Drilling today announced the LOI to purchase Transocean’s 15 jackups in addition to a USD 800m equity offering. daleydrilling. 16 May 01:01 GMT by Dale Wainwright. in a Borr Drilling was established late in 2016 by former executives of Seadrill, led by Tor Olav Troeim, a former long-time adviser to billionaire John Fredriksen. Transocean Ltd. The sale included the company’s 10 high-specification jackups and five jackups under construction Offshore drilling giant Transocean Ltd. 1 billion. Borr Drilling signed a letter of intent with Transocean to buy 15 high-specification jackup rigs, consisting of 10 rigs in Transocean’s fleet and five newbuilds under construction at Keppel FELS. Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited has entered into a Heads of Agreement with Borr Drilling Limited of Bermuda (Borr Drilling), with the approval of Transocean, whereby the construction contracts for the five jack-up rigs currently being built by Keppel FELS for Transocean will be ZUG, Switzerland, May 31, 2017 (GLOBE NEWSWIRE) -- Transocean Ltd. Newly created Norwegian drilling contractor Borr Drilling said on Monday that it had signed a deal to acquire the entire fleet of 15 high-specification jack-up rigs of Transocean for around $1. the sale of Transocean's entire fleet of jack-up rigs to Borr Drilling, 31 May 2017 Transocean Ltd. We noted in our Recap and Weekly that Borr Drilling was reportedly interested in purchasing Transocean’s jackup fleet. Richard has 6 jobs listed on their profile. Scooped by Borr Drilling Keppel is novating five Super B jack-up rigs from Transocean to Borr Drilling at US$216m per rig, almost at a zero discount to its original price of US$219m per rig. View Richard Mohammed’s profile on LinkedIn, the world's largest professional community. 35 billion (1. (NYSE:RIG) announced today that it has November 27, 2018. Under the terms of the agreements, Borr Drilling will take over the contracts of the five jackup rigs Borr Drilling said it will own 24 rigs after the transaction, including rigs under construction, and expected rig dayrates to start rising into 2019 as oil firms increase capital spending on Asif Pathan adlı kullanıcı ile ilgili LinkedIn üyelerinin neler söylediklerine dair ön izleme: I’ve closely worked with Asif for some Projects in Singapore, He is such a hardworking, Knowledgeable and well experienced guy in his Procurement field and specially in negotiation part. com/news-release/2017/05/31/1004956/0/en/ZUG, Switzerland, May 31, 2017 (GLOBE NEWSWIRE) -- Transocean Ltd. Borr Drilling is an international drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry worldwide in water depths up to approximately 400 feet. 35 billion. Ken has 7 jobs listed on their profile. has signed a letter of intent with Transocean for the acquisition of 15 high-specification jackup rigs. net is a small website created to track the current movements of Mobile Offshore Drilling Unit (MODU) rigs using free information available from the web. (NYSE:RIG) announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited (“Borr Borr Drilling Limited operates as a drilling contractor to the oil and gas industry worldwide. Duties: - Supervisor/Responsible Person in charge of Marine Dept. Borr has Transocean rigs 'in sights' Borr Drilling is understood to be close to finalising a deal to acquire the jack-up fleet of Transocean as the cash-rich rig start-up capitalises on low asset After announcing the intent to acquire 15 high-specification jack-up rigs from Transocean in March 2017, Borr Drilling has now renamed them as follow: GSF Constellation I = Atla GSF Constellation II = Balder GSF Galaxy I = Baug GSF Galaxy II = Brage GSF Galaxy III = Eir GSF Monarch = Fonn Transocean Andaman = Idun […] HAMILTON, Bermuda -- Borr Drilling has announced the signing of a Letter of Intent with Transocean for the acquisition of 15 high-specification jackup rigs. According to Tradewinds, the Norwegian startup is “closing in” on a $1. See the complete profile on LinkedIn and discover Adeniji’s connections and jobs at similar companies. 5 million acquisition of US rig contractor Europe. Borr Drilling Limited is pleased to announce the signing of a letter of intent with transocean for the acquisition of 15 high-specification jack-up rigs. If the latest oil price fall continues, it could slow recovery. KEPPEL Offshore and Marine has delivered the second jack-up drilling rig to Borr Drilling. Five jackup rigs currently being built by Keppel FELS Limited (Keppel FELS) for Transocean will be novated to Borr Drilling Limited of Bermuda (Borr Drilling), due to a recently signed Heads of Agreement. Borr Drilling Limited is an international drilling contractor to the oil and gas industry, with the ambition of acquiring and operating modern drilling assets. See the complete profile on LinkedIn and discover Alex’s connections and jobs at similar companies. The agreement is part of a larger deal between Borr Drilling and Transocean, under which Borr Drilling will buy 15 drilling rigs from Transocean for US$1. v>Offshore rig firm Borr Drilling, controlled by Norwegian investor Tor Olav Troeim, is proposing to buy its rival Paragon Offshore for $232. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. Description. 9 Oct 2017 Offshore driller Borr Drilling Limited has signed a master agreement for . 2 billion deal to acquire a fleet of 15 RIG jackups. 35 billion deal, it said on Monday. Bjoern has 6 jobs listed on their profile. “To be successful, you have to have your heart in your business, and your business in your heart” – Thomas Watson, Sr. See the complete profile on LinkedIn and discover Craig’s connections and jobs at similar companies. See the complete profile on LinkedIn and discover Suresh’s connections and jobs at similar companies. RigSpot. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately US$1. (NYSE:RIG) announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Borr Drilling will acquire 10 jack-up rigs currently in operation by Transocean and their remaining contract value, and five newbuildings under construction at Keppel FELs in Singapore, and the Offshore drilling giant Transocean Ltd. Title: Project Manager at Drilling …Connections: 460Industry: Oil & EnergyLocation: Bournemouth, United KingdomTransocean Ltd. See the complete profile on LinkedIn and discover Jerry’s connections and jobs at similar companies. 46% announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited ("Borr") for a total consideration of Offshore drilling giant Transocean Ltd. Norwegian upstart Borr Drilling , founded last year by former executives of financially troubled Seadrill, has snapped up Transocean’s fleet of shallow-water oil and gas exploration rigs in a $1 They are in addition to five jack-up rigs ordered from Keppel that Borr Drilling took over last year for US$216 million per rig after it acquired Transocean's entire jack-up fleet. Under new agreement, Borr Drilling will take over contracts and undertake remaining payment View okeji victor’s profile on LinkedIn, the world's largest professional community. 7 billion in a bid to strengthen its ultra-deepwater and harsh-environment Access all investor press releases pertaining to Transocean Ltd. okeji has 2 jobs listed on their profile. Watch video · Shares of Switzerland-based Transocean fell Monday after international drilling contractor Borr Drilling announced it will acquire 15 of Transocean's rigs in a …HAMILTON, Bermuda – Borr Drilling Ltd. Mar 20, 2017 Shares of Transocean fell more after Borr Drilling announced it will acquire 15 of Transocean's rigs in a deal valued at $1. Contact Us Now!Directional Drilling Hire in SydneySkilled Technicians · Established in 1999 · Quality Drilling SolutioTransocean swoops in to buy rival Ocean Rig Swiss-based rig giant chooses its moment as it sees ‘imminent’ recovery coming for ultra-deepwater marketBorr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean's fleet of shallow-water drilling rigs for $1. Title: Head Of Supply Chain at Borr …Location: Vereinigte Arabische Emirate500+ connectionsKeppel delivers second Borr Drilling rig, Companies https://www. This time, they targeted nine Pacific Class 400 jackups at PPL (previously ordered by Perisai, Oro Negro, and the yard itself – and later all controlled by the yard). (NYSE:RIG) announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited ('Borr') for a total consideration of approximately $1. Keppel signs Heads of Agreement with Borr Drilling for Transocean rigs. Borr Drilling, a recently established offshore drilling company, has appointed a new chief executive officer (CEO) of the company. See the complete profile on LinkedIn and discover Thomas’ connections and jobs at similar companies. Source: Oilfield Technology Transocean Ltd. OSLO/LONDON, March 20 (Reuters) - Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean's fleet of shallow-water drilling rigs for $1. The company's exploration drilling services provides surface and underground oil and gas drilling, air drilling, mud drilling, reverse circulation and drilling of water wells, enabling the mining companies to achieve higher efficiency and lower project costs. This, combined with some floater attrition during the year, left Transocean with a total of 44 units, dropping it to the fourth spot on the list. "That's half the construction cost, so it's a pretty attractive deal," said Carnegie brokerage analyst Frederik Lunde. Deal Highlights The transaction will involve the sale of Transocean’s entire jack-up fleet which is used in exploration drilling in shallow water. Steven "Acky" indique 7 postes sur son profil. Doug has 3 jobs listed on their profile. Prior to working in the international sector I gained invaluable experience in the UK North Sea starting from the position of Roustabout to Derrickman. (NYSE:RIG) announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling 21/03/2017 · Offshore drilling giant Transocean Ltd. sg/companies-markets/keppel-deliversKEPPEL Offshore and Marine has delivered the second jack-up drilling rig to Borr Drilling. OSLO (Reuters) - Norwegian upstart Borr Drilling , founded last year by former executives of financially troubled Seadrill, has snapped up Transocean 's (S: RIGN) (N: RIG) fleet of shallow-water oil and gas exploration rigs in a $1. Deal Borr Drilling is a Rubin’s Transocean and other deepwater drillers exited the shallow water market because just as in subsea there are far lower barriers to View Richard Mohammed’s profile on LinkedIn, the world's largest professional community. Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited has entered into a Heads of Agreement with Borr Drilling Limited of Bermuda (Borr Drilling), with the approval of Transocean, whereby the construction contracts for the five jack-up rigs currently being built by Keppel FELS for Transocean will be I have a sound progressive experience with Transocean since my joining as a Country Controller in year 2005. Home / Shipping News / Shipbuilding News / Keppel signs Heads of Agreement with Borr Drilling for Transocean rigs. to Present at Banc of …Borr Drilling Limited signs a deal with Transocean for the acquisition of 15 high-specification jack-up rigs. 35bn sale to Borr Drilling in Q2, bringing the focus sharply to ultra-deepwater and demanding environments, exiting a still substantially oversupplied market and eliminating $1bn of capex required for the jack-ups . Borr Drilling Q3 Earnings And Fleet Status Report and related news - Financial New Index - Latest Business-Market news from around the web at one place Asset sales, while challenging given the market conditions for offshore drilling rigs, can be used to raise cash since most of the company's assets are unencumbered, as evidenced by the company's sale of its jackup fleet to Borr Drilling in May 2017. hamilton, bermuda, march 20, 2017 – borr drilling limited is pleased to announce the signing of a letter of intent with transocean for the acquisition of 15 high-specification jack-up rigs. On May 31, 2017, Transocean Ltd. Borr Drilling Limited is an international drilling contractor to the oil and gas industry, with the Transocean Ltd. Borr raises $350 million in a matter of minutes as it takes a new bite out of the distressed asset fleet. Borr Drilling Intends to Acquire 15 High-Specification Jackup Rigs from Transocean. 09 billion pounds) deal, it said on Monday. Contract with BWE and Perenco in Gabon. This comes on the back of news that Borr Drilling is seeking to acquire Transocean’s jackup fleet for US$1. View Suresh Kumar’s profile on LinkedIn, the world's largest professional community. 35 billion acquisition of all of Transocean Ltd. Deal Highlights The transaction will involve the sale of Transocean’s entire jack-up fleet which is used in exploration drilling inTransocean acquisition marks milestone in rig market recovery. See the complete profile on LinkedIn and discover Richard’s View Bjoern Ritter’s profile on LinkedIn, the world's largest professional community. Oct 9, 2017 Offshore drilling company Borr Drilling has agreed to purchase nine Earlier this year Borr Drilling acquired Transocean's entire fleet of 15 Transocean Ltd. 35 billion Five jackup rigs currently being built by Keppel FELS Limited (Keppel FELS) for Transocean will be novated to Borr Drilling Limited of Bermuda (Borr Drilling), due to a recently signed Heads of Agreement. Design and manufacture marine and offshore cranes for the oil and gas and commercial industries Transocean Sells Rigs for $1. Transocean's upcoming transaction with Borr Drilling sparked investors' interest. 46% announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited ("Borr") for a total consideration of Borr Drilling, a recently established offshore drilling company, has received a letter of commitment from Total for the use of one of its jack-up rigs in Nigeria. (:RIG) announced today that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited ('Borr') for a total consideration of approximately $1. Adeniji has 5 jobs listed on their profile. Troeim split from Fredriksen in 2014 . Bekijk het volledige profiel op LinkedIn om de connecties van Andrew Gaddini en vacatures bij vergelijkbare bedrijven te zien. 7 billion, including debt. The transaction consists of Transocean’s entire jack-up fleet, comprising 10 rigs in Transocean’s fleet and 5 new-builds under construction at keppel fels limited. Borr Drilling, the rig operator listed out of Oslo, said in the brief announcement that it has signed a letter of intent with Transocean for the acquisition of 15 high specification jack-up rigs. Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M) has entered into a Heads of Agreement with Borr Drilling Limited of Bermuda (Borr Drilling), with the approval of Transocean, whereby the construction contracts for the five jackup rigs currently being built by Keppel FELS for Leading offshore yard Keppel Fels has reached an agreement with Borr Drilling to assume ownership of five Super B Class jackup rigs that were ordered by Transocean in 2013. I explain why this will not be the case, both from the seller's and the buyer's side. The accretive nature of these corporate events leads us to raise our target price to NOK 60 (from 54). The rig market deal is Borr's Borr Drilling Ltd. The delivery dates of the five rigs were originally between 2016 and 2017 but had been deferred by Transocean to 2020. com/Search_The_WebAdFind Drilling A Bore For Water. The company said last Friday that it chose Simon Johnson as the new CEO. 35 billion to Norwegian rival Borr Drilling. View Craig White’s profile on LinkedIn, the world's largest professional community. A move of this magnitude in to such a crowded market is a brave move. Newly established Borr Drilling has announced plans to scoop up Transocean’s entire fleet of high specification jack-up rigs in a deal worth nearly $1. 8 Jan. ZUG, Switzerland, May 31, 2017 -- Transocean Ltd. The jackups were purchased by Borr Drilling, which as of the end of 2016 only owned two rigs. In November 2013, Switzerland-based Transocean had ordered five KFELS Super B Class jackup rigs from Keppel FELS for US$1 Borr Drilling will also make a down payment of $275 million. The first three rigs will now be delivered between 2017 and 2018, while the remaining two rigs will be delivered in 2020. comAdStart your search with Energy Jobline, the world's largest energy job site. Call Us Now!Looking for a water bore drilling team to design and construct uppercut concrete cutting | concrete cutting & drillingwww. See the complete profile on LinkedIn and discover Colin’s connections and jobs at similar companies. Transocean is expected to continue operating the three jackups working in Thailand until the current drilling contracts expire and will reflect the associated revenue and expenses in income from Borr Drilling Intends to Acquire 15 High-Specification Jackup Rigs from Transocean. 2b. 09 billion pounds). SINGAPORE (March 20): Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine, has entered into an agreement with Borr Drilling whereby the construction contracts for the five jackup rigs currently being built by Keppel FELS for Transocean will be novated to Borr Drilling. About Borr Drilling Ltd Borr Drilling Limited provides international oil and gas drilling services. Transocean to sell entire jack-up fleet to Borr Drilling Wednesday, March 22 2017 Norwegian offshore drilling contractor Borr Drilling is planning to buy 15 jack-up drilling rigs from Swiss-based Transocean for $1. The rig market deal is Borr’s biggest since it was set up in 2016 by Tor Olav Troeim and other executives who had left Seadrill, once the jewel in the crown of Norwegian-born Norwegian offshore company Borr Drilling said Thursday it would acquire Paragon Offshore of Houston for $232. Search Faster, Better & Smarter at ZapMeta Now!AdGet Up to 3 Quotes From Expert Drilling Contractors Fast. Deal Highlights The Borr Drilling will now make a down payment of $275 million against a slightly lower total price of $1. Borr Drilling is an international drilling contractor to the oil and gas industry. Under the terms of the agreements, Borr Drilling will take over the contracts of the five jackup rigsTransocean said Monday it will sell its entire jack-up fleet for $1. The industry is currently under significant stress, and we wish to establish a platform upon which we can capitalise on identified opportunities