In its fleet status report issued this week the company has said it is preparing the rig for cold stacking, meaning the rig will be idled, crew let go, and all the hatches welded, cutting the costs to a minimum.
[pdf] The current status of the rig fleet is illustrated below: The idle Borgland Dolphin remains a financial drag, incurring daily operating expenses of USD 26,000 while generating no revenue. Management continues to actively market this rig from its current location in Las Palmas.
[pdf] XSL360B deep well drilling rig adopts full hydraulic control, top drive and crawler travel. With reasonable overall layout, it has high drilling efficiency, is suitable for air or mud drilling technology, and is widely used in water well, geothermal and micro pile drilling projects.
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