Petrojack Enters LOI to Sell Two Jackups
Petrojack ASA has entered into a Letter of Intent to sell two of its jackup rigs under construction at Jurong Shipyard in Singapore to a major international drilling contractor.
The two rigs (Petrojack I and Petrojack III) will be sold for a total sum of approximately US $420 million. The sale is subject Contract and Board Approval by the parties.
It is expected a sale will become effective within approximately two weeks.
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