Parker selling two workover barges to Basic Marine

Parker Drilling Offshore USA LLC has agreed with Basic Marine Services Inc. to sell two workover barge rigs in the Gulf of Mexico for $20 million.
Dec. 20, 2006

Offshore staff

HOUSTON --Parker Drilling Offshore USA LLC has agreed with Basic Marine Services Inc. to sell two workover barge rigs in the Gulf of Mexico for $20 million.

Sale of the two workover rigs is expected to close in January 2007.

"We believe the sale will allow us to redeploy capital to expansion projects with higher growth potential," said Robert L. Parker Jr., chairman, president and chief executive officer of Parker Drilling Co.

12/20/2006

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