Borr Drilling enters financing agreement for Tivar jack-up rig
The existing US$50 million bank delivery financing for the rig will be replaced with a new US$100 million take out facility maturing in 31 December 2021.
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The existing US$50 million bank delivery financing for the rig will be replaced with a new US$100 million take out facility maturing in 31 December 2021.
The company is to design and support installation of a Sea Swift offshore platform off the coast of Angola.
A new gas module that was recently put onstream on the Troll C platform will accelerate and boost production from Fram by substantial profitable volumes.
Grupo R is to lease the La Muralla IV platform for Shell to operate in the deepwaters of the Gulf of Mexico.
The alliance will provide clients with an integrated service across a wide range of complex projects in the UK North Sea and internationally.
Under the MoU, the companies will offer tooling and services in four distinct areas.
The Sharjah National Oil Corporation (SNOC) and its partner Eni, have announced a successful new discovery of natural gas and condensate onshore in Sharjah.
The project will be executed at Semco Maritime’s yard at Hanøytangen outside Bergen starting mid-February 2020.
The two rigs will be built collaboratively between IMI and Lamprell, with Lamprell’s share of project value amounting to circa US$350 million.
The jack-up rig is built to Keppel’s proprietary KFELS B Class design and is the fifth of eleven jack-up rigs that Borr Drilling has ordered from Keppel.
The electrification of the platforms, located in the Norwegian North Sea, will aim to reduce CO2 and NOx emissions.
The acquisition will provide high-resolution pipe ID scanning hardware and imaging software.