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5 million that it has currently utilized or intends to utilize to decrease its financial obligation. Source: Company News Release Do you have interesting material to share with us? Enter your email address so we can get in touch.
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For Sale 5 x Land Rigs in the UAE - LinkedIn Things To Know Before You Buy
BAAR, Switzerland, March 25, 2019/ PRNewswire/-- Weatherford International plc (NYSE: WFT) (the "Company" or "Weatherford") today announced it has completed the sale of 2 land drilling rigs that were transferred in Algeria and has delivered 2 idle land drilling rigs from Iraq. The Business got $10 million in money for each of the land drilling rigs relocated in Algeria and an extra $12 million in money for the shipment of 2 idle land drilling rigs beyond Iraq, for aggregate profits of $32 million.
5 million (the "Deal"). The Deal includes 31 land drilling rigs and associated drilling agreements, in addition to around 2,300 staff members and agreement personnel. These transactions are the last in a series that went through regulative approvals, consents and other customary closing conditions. In December 2018, the Company revealed the closing of its Precision Drilling Providers Saudi Arabia land drilling operations for $92.
In November 2018, the Business revealed the closing of its Kuwait land drilling rigs sale for $123 million in money, and an additional $12 million to be gotten in equal $6 million increments upon the shipment of 2 idle land drilling rigs from Iraq. In Learn More Here , the Company announced the conclusion of the sale of four contracted drilling rigs in Algeria for $40 million in money.
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