Certain pieces of capital equipment belonging to the unit have been excluded from the sale including but not limited to the BOP, top drive, and travelling block, which will become part of Aquadrill’s capital spares inventory. In the event these capital spares are used for our existing fleet, the Company expects to realize approximately USD 7 million in savings vs purchasing equivalent replacement parts.
Closing of the transaction is subject to customary closing procedures and conditions.
Source: Aquadrill
