Noble sells five rigs

Maersk Drilling’s merging partner Noble sells five rigs. Divestment of rigs is a precondition for having the merger approved by UK competition authorities.

Photo: Maersk Drilling

Maersk Drilling’s merging partner Noble has sold five rigs to Shelf Drilling for USD 375m, the companies announce Thursday afternoon.

The sale of drilling rigs has been a precondition for approval of the merger by the UK Competition and Markets Authority (CMA), which has demanded activities in the companies be divested.

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