Rig Operator

The Group has identified a Rig Operator and is in the final stage of negotiations to acquire 100% of its shares. The Company has 30 years experience operating Jack-up Rigs, semi submersibles and other equipment in the oil drilling sector in the North Sea, the Arab Gulf, and the Gulf of Mexico.

The company is well valued and rated to meet health and safety, as well as environmental standards and is highly insurable by the P&I  and Hull and Machinery Underwirters.

The Group views the operating arm as the most significant and strategic asset. Oil Majors plus other first class exploration companies have already approved the operating company. Our financial supporters, private equity investors, banks and securities houses have also approved the operating company.