Gulf Oil and Gas accountACCOUNT

Integra Announces Agreement to Divest Part of its Rig Fleet

Source: www.gulfoilandgas.com 4/2/2013, Location: Asia

Integra Group announces that it has entered into an agreement with Seneal International Agency Ltd for the sale of 9 of its 41 land rigs and related assets located in Eastern Siberia. The purchase price is approximately RUB 2.1 bn (US$69 million) which is to be paid in installments until the fourth quarter of 2013 subject to certain conditions precedent.

At the time of sale, 4 of the 9 rigs were idle and not included in the 2013 drilling program. Following the disposal, the average age of Integra’s remaining 32 rigs will decrease from 16 to 11 years.

Commenting on the transaction, Integra’s CEO Felix Lubashevsky said:
“In line with our policy to upgrade the quality and efficiency of our asset base, we are divesting the most mature part of our drilling rig fleet. We remain committed to East Siberia and will continue to explore its business potential. We plan to use the proceeds from the transaction to strengthen the overall financial position of the Company."

For more information about related Opportunities and Key Players visit Caspian Region Projects

Rigs >>

Rigs News in Russia >>

United Kingdom >>  4/18/2019 - Seadrill Partners LLC (SDLP) has received early termination notice for the West Capricorn contract approximately three months ahead of schedule. The ...
United States >>  4/17/2019 - Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offsh...

Azerbaijan >>  4/16/2019 - Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company) has been awarded its first contract, which is with BP Exploration (Caspi...
Mongolia >>  4/16/2019 - Petro Matad Limited has signed contracts for two rigs for its upcoming 2019 four well drilling programme. ...

United Kingdom >>  4/15/2019 - Equinor has extended the Floatel Superior charter at the Martin Linge Field Development in the Norwegian sector of the North Sea with four months unti...
Norway >>  4/11/2019 - MHWirth, a company owned by Akastor ASA, signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid water semisub...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.