KCA Deutag has sold its jack-up drilling unit, Ben Loyal, to Advanced Energy Systems for an undisclosed sum.
KCA acquired the jack-up, which was built in 1981, in 2005. The Friede & Goldman L-780 MOD II rig, which is capable of drilling in water depths of 300ft, had been continuously under contract in the Gulf of Mexico until October.
Norrie McKay, KCA Deutag chief exeuctive, said: “The sale of the Ben Loyal is another important step for KCA Deutag as we continue to focus our growth strategy on our core businesses of premium rig services, specialist engineering and design, and land rig manufacturing.”
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