Thule Drilling Enters MOU for Sale of Thule Energy, Force Jackups



Thule Drilling has entered into an MOU with Middle East interests for the sale of Thule Energy and Thule Force on an "as is, where is" basis, as well as its BVI subsidiary, at a total price of US $300 million.

The settlement is payable on a monthly basis over a 14 month period after signing of the contract. Thule has received a non-refundable deposit from the buyer, and the parties are in the process of concluding the negotiations.


RELATED COMPANIES
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 www.riglogix.com.