Seadrill confirms cancellation of last two jackups at DSIC Offshore | SDRL Message Board Posts

Seadrill Limited

  SDRL website

SDRL   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  37136 of 37203  at  8/22/2019 6:53:26 PM  by

Read2_Learn


Seadrill confirms cancellation of last two jackups at DSIC Offshore


 
Seadrill confirms cancellation of last two jackups at DSIC Offshore

Seadrill confirms cancellation of last two jackups at DSIC Offshore

John Fredriksen’s Seadrill has confirmed cancellation of the last two of eight jackup rigs it had previously ordered at Dalian Shipbuilding Industry Offshore (DSIC Offshore).

The company said in a stock filing that the newbuilding contracts for the West Dione and West Mimas were terminated in February and April respectively.

Seadrill had already terminated jackups West Titan, West Proteus, West Rhea, West Hyperion, West Tethys and West Umbriel at the yard late last year.

DSIC Offshore, part of Dalian Shipbuilding Industry, the largest yard under state-run China Shipbuilding Industry Corp (CSIC), was declared bankrupt by a local court and entered into a restructuring process at the end of January at the request of creditors due to its inability to repay debts.

The offshore yard released a notice seeking new investors in May.

According to Seadrill, the company has commenced arbitration proceedings in respect of the eight newbuild jackup rigs and are claiming for repayment of installments plus interest and damages from the yard as part of DSIC Offshore’s insolvency proceedings.

 
 
    https://splash247.com/seadrill-confirms-cancellation-of-last-two-jackups-at-dsic-offshore/  
 
 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 1     Views: 72
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board


About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...