Bankrupt Seadrill draws competing rig offers from Noble and Transocean consortium

  • Date: 21-Jul-2021
  • Source: Energy Voice
  • Sector:Oil & Gas
  • Country:Gulf
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Bankrupt Seadrill draws competing rig offers from Noble and Transocean consortium

Noble Corporation and a consortium including Transocean and Dolphin Drilling are competing to acquire the assets held by the bankrupt driller Seadrill, according to a news report.

Citing unnamed sources familiar with the matter, Reuters said the Transocean and Dolphin consortium also includes an unknown third party, which lodged a bid in early July.

Their bid consists of cash, shares in Transocean and an agreement to take on some of Seadrill’s existing debt, the news agency reported.