PetroJack and Transocean Enter Marketing Deal

With reference to the stock exchange notice dated December 23, 2005 PetroJack ASA has entered into marketing and purchase option agreements with one of the world's largest drilling contractors; Transocean Inc.

PetroJack has granted the exclusive Marketing Rights for a period up to March 15, 2006 for the 3 rigs as well as the option to purchase 1, 2 or 3 rigs until March 15, 2006.

In the Agreement, the sales of Rigs 2 and 3 are made subject to PetroJack ASA shareholders General Assembly approval.

A sale of all three rigs will give an average sales price of approximately US $180 million per rig.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Houston: Account Rep, Bus Dev, Sr
Expertise: Business Development|Sales
Location: Houston, TX
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: Tempe, AZ
SXL- Manager, Business Development
Expertise: Business Development
Location: Newtown Square, PA
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours