Energy Drilling Fully Funded for Two Rigs

Energy Drilling signed a $175.5 million Senior Secured Term Loan Facility with a group of four lenders on Monday 7th April 2014.

Semi-submersible tender rig EDrill-3 of GustoMSC Ocean400 TD design

The four lenders are DNB Asia Ltd, ABN Amro Bank N.V, NIBC Bank N.V. and Clifford Capital Pte Ltd.

The facility shall be used as final payment upon delivery by Cosco Guangdong Shipyard for the first two tender rigs ordered in 2012. Delivery of the first unit is imminent and the second unit is expected in July.

With the signing of this facility, Energy Drilling is now fully funded to take delivery of the first two units and undertake drilling operations for the intended markets.

Both units are being evaluated by various oil companies for drilling operations starting in the 3Q 2014.

 

edrill, April 10, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >