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Eldorado scoops up another SHI newbuild drillship

Rig Lynx
  • By Rig Lynx
  • Apr 09, 2023
  • Category : Trending
  • Views : 6740

 

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that the Norwegian company Eldorado Drilling AS raised $70 million in a private placement connected to its acquisition of two newbuild ultra-deepwater drillships. The rigs are expected to be delivered in 2024 and according to one of the banks involved, Eldorado will charter the units out externally.

 

The net of proceeds from the private placement will fund outstanding yard payments for the rig acquisitions and general corporate purposes. Fearnley Securities and SpareBank 1 Markets acted as joint bookrunners in the transaction. The transaction was increased from $60 million due to demand from investors.

 

Eldorado Drilling acquired the 12,000-ft 7th generation drillship West Dorado from Samsung Heavy Industries in January 2023.

 

As reported by Esgian, the second drillship acquired is the 10,000-ft 7th generation drillship Pacific Zonda, also under construction at Samsung Heavy Industries.

 

Photo Credit: Ultradeep - @Ultradeep3

 

Source: Esgian

 

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