GGS Acquires 2 Remaining Tender Assist Rigs
Global Geo Services ASA entered into a Memorandum of Agreement with Pride Foramer SAS August 9, 2007 to acquire three tender assist rigs Alligator, Barracuda and Al Baraka. The transaction was subject to novation of drilling contracts with international oil companies. The completion of the first tender assist rig Alligator was acquired January 30, 2008.
The completions of the two other tender assist rigs Barracuda and Al Baraka were acquired February 20, 2008.
- Total Exercises 400-Day Option Period for Tender Rig Barracuda (May 20)
- Petronas Finalizes Deal to Use Alligator Tender Rig Offshore Malaysia (Sep 10)
- Global Geo Services to Spin-Off of Spectrum Seismic Business (May 23)