HAMILTON, Bermuda — Seadrill has agreed to sell the jackups West Castor, West Telesto and West Tucana to Gulf Drilling International for $338 million.
The two companies are partners in a joint venture that manages the rigs’ operations offshore Qatar. Seadrill would also transfer its 50% equity under the transaction.
Pending approval from the Qatar Financial Centre Authority, the handover should close early in the third quarter.
Seadrill President and CEO Simon Johnson said the deal would allow the company to focus on its core business, operating deepwater rigs across the Golden Triangle and elsewhere.
