A drillship which has been laid up in Venezuela since last year is set to go under the hammer at auction today.
The Deepsea Metro II finished a contract in May last year with the continuing sales process going on for months.
According to reports in Norwegian media, the original cost of the drillship would have been around NOK7.3billion when it was delivered in 2011.
Recent bids for the rig are said to be around $150million.
The drillshop is owned by Chloe Marine Corporation, a company owned by Deep Sea Metro Ltd, which is a joint venture between Metro Exploration with 60% and Odfjell Drilling with a 40% share.
Odfjell Drilling is the manager of the vessel.