Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/spot_news/ddi-secures-36m-re-hire.shtmlSinvest rig in $36M Indian re-hire
Norwegian rig-owning interests in DDI Holding appear to have secured ...
Norwegian rig-owning interests in DDI Holding appear to have secured the re-hire of their Deep Driller 4 jack-up rig to Reliance Industries of India for $36 million.
It is understood the money signals earnings for one of a possible two six-month options set to start at a current deal’s expiry at year-end 2008.
In-line with the convoluted pattern of Norwegian yard, rig and shipping ownership, Norway-based DDI Holding is wholly owned by Sinvest which in turn is 100 percent owned by Aban Singapore and Aban International Norway.
DDI Holding has netted $89 million dollars so far in 2008, and at least one of its rigs has yet to be delivered. By 2009, the last of its jack-up newbuilds, Deep Driller 8, is set to begin earning with jack-up rates up around $180,000 per day.
Sinvest's Deep Driller rigs are operated by Premium Drilling.