Atwood Oceanics, Inc. has agreed to sell its standard jackup drilling unit, The Vicksburg, to Gulf Drilling International Ltd (Q.S.C.) for US$55.4 million.
The sale is expected to close in early 2014 following the completion of the unit's contract with CEC International, Ltd.
Rob Saltiel, Atwood Oceanics President and CEO, commented, "The sale of the Vicksburg supports our strategy of high-grading the quality and capability of our drilling rig fleet through newbuild construction and selective asset divestitures."
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