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Thule Drilling to sell Thule Energy and Thule Force Jackups


Published Nov 17, 2008
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Thule Drilling begins maintenance work

Thule Drilling has entered into an MOU with Middle East interests for the sale of Thule Energy and Thule Force on an "as is, where is" basis, as well as its BVI subsidiary, at a total price of US $300 million.

The settlement is payable on a monthly basis over a 14 month period after signing of the contract. Thule has received a non-refundable deposit from the buyer, and the parties are in the process of concluding the negotiations

Tags: Thule Drilling



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