Who owns Penrod 73 & 78 rigs?

Energy Service Co. Inc. (Ensco), Houston, and R.D. Smith & Co. Inc., New York, have agreed to sell two more Penrod Drilling Corp. semisubmersible rigs. Penrod 73 and 78 are to be sold for $90 million to AS HAV, an affiliate of Helmer Staubo & Co., Oslo.

How many rigs does Penrod have?

Eventually, the Penrod rig fleet was expected to consist of 18 to 20 offshore rigs, eight to 10 land rigs, and two supply vessels, the companies said. It said the offshore rig fleet represented one of the newer fleets in the industry with an average rig age of about 10 years.

Who owns Penrod drilling?

Beginning in the 1950s, H. L. Hunt began to entrust more responsibility to top associates and to his sons from his first marriage. Ownership of Penrod Drilling, which possessed about 25 drilling rigs and was worth over $25 million by the 1960s, had been transferred to three of his sons in 1948.

Does Penrod have a job reduction?

He declined to say whether there would be any job reduction in Penrod, which currently employs about 2,000 people worldwide. Eventually, the Penrod rig fleet was expected to consist of 18 to 20 offshore rigs, eight to 10 land rigs, and two supply vessels, the companies said.

How much money did Penrod sell?

To provide financing for the purchase of the Penrod debt and equity securities and the recapitalization of Penrod, the groups said they have recently closed sales of five semi-submersible, five older jack-up, and 33 land rigs producing proceeds of $246 million.

Who bought Penrod 76 & 77 semisubmersibles?

Ensco and Smith earlier agreed to sell the Penrod 76 and 77 semisubmersibles to Wilrig AS of Norway for $95 million in a trade designed to facilitate Penrod's recapitalization (OGJ, Aug. 6, p. 35). Energy Service Co. Inc. (Ensco), Houston, and R.D. Smith & Co. Inc.,