Diamond To Offload Ocean Columbia
Diamond Offshore Drilling, Inc. (NYSE:DO) has inked an agreement with an affiliate of Hercules Offshore, Inc. (NASDAQ:HERO) to sell its jackup drilling rig − Ocean Columbia. The company expects to close the transaction in May 2012 but is yet to receive customary closing approvals. Hercules will pay $40 million in cash for Ocean Columbia − [...]
Diamond Offshore Drilling, Inc. (NYSE:DO) has inked an agreement with an affiliate of Hercules Offshore, Inc. (NASDAQ:HERO) to sell its jackup drilling rig − Ocean Columbia. The company expects to close the transaction in May 2012 but is yet to receive customary closing approvals.
Hercules will pay $40 million in cash for Ocean Columbia − the LeTourneau Class 82 SD-C designed drilling rig, and also has plans to employ it for Saudi Aramco under a three-year drilling pact. Per the drilling contract, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards