Swissco Holdings is negotiating the sale of four co-owned rigs to its partner Ezion Holdings.
The Singapore-listed company said confidential discussions are ongoing but the terms of the deal have not been finalized yet.
Ezion is reportedly closing on an agreement to take over four rigs owned by joint ventures (JVs) between the two parties for $16m, the Business Times reported.
But Swissco clarified it expects to receive less cash if the two companies put pen to paper.
Ezion
