Vessels

Seadrill completes transfer of seven jackups to ADES

Oct. 19, 2022

Seadrill has completed the sale of entities in Saudi Arabia that own and operate seven jackups to subsidiaries of ADES Arabia Holding.

Related To: ADES

Offshore staff

HAMILTON, Bermuda—Seadrill has completed the sale of entities in Saudi Arabia that own and operate seven jackups to subsidiaries of ADES Arabia Holding.

ADES now owns the AOD I, AOD II, AOD III, West Callisto, West Ariel, West Cressida and West Leda, and it also employs the crews operating the rigs, in addition to holding the rigs’ drilling contracts.

Total consideration for the sale is up to $628 million, subject to adjustments and reimbursement to Seadrill for any costs related to the reactivation of the West Ariel, West Cressida and West Leda stacked jackups.