Diamond Offshore to sell jackup Ocean Tower

Diamond Offshore has signed an agreement to sell the jackup rig Ocean Tower.

Offshore staff

HOUSTON -- Diamond Offshore has signed an agreement to sell the jackup rig Ocean Tower. The rig was damaged by Hurricane Ike, losing its entire drilling package and derrick. The agreement prohibits competitive use of the rig, which is expected to be deployed by the buyer as an accommodation unit. The sale is expected to close on or about Feb. 15, 2009.

02/05/2009

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