The company will continue to operate the rigs under a services agreement . The rigs are unencumbered, and the liquidity effect for the company is equal to the sales proceeds. The company expects to record a gain of approximately US$11.5 million.
Nicholas Woodroof
Editor
Nick joined Palladian Publications in January 2018 after graduating from the University of Edinburgh with a degree in History, including a year abroad at the University of Delhi. After an enjoyable stint as Digital Editorial Assistant, he is now the Editor of Oilfield Technology and World Fertilizer.
Outside of work Nick enjoys cross-country running, whipping up the occasional curry and travelling.
