Dleif Drilling rejects $75 million offer for drillship sale

U.S.-based Dleif Drilling has rejected an offer made by Borr Drilling, formerly known as Magni Drilling, for the sale of the drillship Sertão. 

Dleif received the offer for the drillship in November 2016 from the then Magni Drilling. The $75 million offer was not accepted by Dleif and subsequently expired on November 22, 2016, although conversations with Magni have continued, Dleif said last Wednesday.

The sixth generation deepwater drillship used to be owned by the Brazilian bankrupted, Schahin Group and was under long-term charter with the state-owned oil giant Petrobras. The drillship worked on the Libra field together with Scahin’s other drillship, Cerrado, which was bought at an auction by Ocean Rig in April 2016 for $65 million.

After’s Schahin’s bankruptcy in April 2015 Dleif became the new owner of the drillship Sertão. The Daewoo Shipbuilding & Marine Engineering-built unit had sailed from Brazil to the UK where it has been in warm lay-up at Teesside where it was arrested by the Admiralty Court.

Dleif repossessed the Marshall Islands-flagged vessel Sertão on September 30, 2015, and replaced Schahin Petróleo e Gás S.A., as operator of Sertão, with a ship management company.

Dleif engaged Okeanos and V-Ships to manage the unit, with PBConsultants and Norway’s Pareto Offshore to look for future employment for it. According to information on PBC’s website, the drillship is currently listed as for sale.

Borr Drilling was formed with an aim to buy distressed assets to capitalize on the low prices and continued volatility in the offshore industry. The company recently bought and took delivery of two jack-up drilling rigs from the bankrupt drilling contractor, Hercules Offshore.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2018 >>
MTWTFSS
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 1 2 3 4

AOG 2018 Conference

This event is a showcase of the latest products and attracts over 8,000 global visitors providing opportunities to network and learn about…

read more >

8th Myanmar Oil, Gas & Power Summit

The Myanmar Oil and Gas Summit is the longest established Oil & Gas event in Myanmar. Every year the event is attended by government…

read more >

FPSO Europe Congress 2018

The FPSO Europe Congress 2018 builds on these themes, lending a particular focus to FPSO Value Preservation and Operational Excellence…

read more >

Arabia 2018 Conference and Exhibition

Offshore Arabia is a focused prestigious meeting place of the Offshore Industry, and it’s diverse spectrum from the Oil & Gas…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply