Borr Drilling Ltd. has entered into an agreement to sell its cold-stacked jackup drilling rig Atla to an unnamed independent operator.
Offshore staff
HAMILTON, Bermuda – Borr Drilling Ltd. has entered into an agreement to sell its cold-stacked jackup drilling rig Atla to an unnamed independent operator.
The completion of the sale is expected in 4Q 2020. The 2003-built jackup is cold-stacked in the UAE.
Together with the sale of the standard jackup Eir, the company will record total cash proceeds of $13 million.
With the sale of these jackups, the drilling contractor said it continues to deliver on its fleet strategy of divesting inactive, cold-stacked units and focus on the modern and highly efficient core fleet of premium jackup rigs.
Following these rig sales, it will have 28 modern assets built after 2011, and one remaining older cold-stacked rig, which is likely to be sold within 4Q.
