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Sembmarine stands to offload West Rigel rig in US$500m resale deal

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A deal involving the resale of the West Rigel semi-submersible rig, pegged at around US$500 million, from a subsidiary of John Fredriksen-controlled Seadrill to a US-based fund house is in the works, spelling possible progress in resolving the overhang on Sembcorp Marine's yet-to-be-delivered rig-building order book.

Singapore

A DEAL involving the resale of the West Rigel semi-submersible rig, pegged at around US$500 million, from a subsidiary of John Fredriksen-controlled Seadrill to a US-based fund house is in the works, spelling possible progress in resolving the overhang on Sembcorp Marine's yet-

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