India’s Mercator is offloading its only jack-up drilling rig to compatriot Great Eastern Shipping, a stock exchange filing has revealed.
No price has been disclosed for the deal involving the 350-feet jack-up rig Greatdrill Chetna (built 2009).
Greatship’s Singapore-registered subsidiary Greatship Global Energy Services (GGES) has “entered into a memorandum of agreement” to buy the rig, an announcement by the former to the Bombay Stock Exchange read.
The
