HAMILTON, Bermuda – Seadrill has acquired the jackup drilling rig Petrojack IV for $180 million. The rig was owned by Petrojack IV Pte Ltd of Singapore and is working offshore Thailand for PTTEP under a contract that expires at the end of 2Q 2014.
The rig is to be renamed West Cressida. It is a high-specification Baker Marine Pacific Class 375 design and can drill to 30,000 ft (9,144 m) in as much as 375 ft (114 m) of water.
Seadrill buys Petrojack IV
Seadrill has acquired the jackup drilling rig Petrojack IV for $180 million.