Seadrill set to purchase harsh-environment rig

Jurong Shipyard Pte has signed a letter of intent with Seadrill negotiating the sale of a harsh environment CJ70 jackup.

Offshore staff

SINGAPORE -- Jurong Shipyard Pte has signed a letter of intent with Seadrill negotiating the sale of a harsh environment CJ70 jackup.

The rig was originally contracted by Petroprod, which went into liquidation last year. Jurong terminated the contract when no further payments were received.

4/15/2010

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