Chiles Offshore acquires Mexican ultra-premium jackup drilling rig Tonala

Jul 21, 2000 02:00 AM

Chiles Offshore announced that the company has entered into an agreement to acquire the ultra-premium jackup drilling rig Tonala from Perforadora Central of Mexico City. Under the terms of the agreement, the Company will acquire the Tonala in exchange for an approximate 24 % interest in Chiles Offshore.
The company will also assume or refinance approximately $ 64.6 mm aggregate principal amount of debt incurred by Perforadora Central to construct the Tonala. The company expects to complete the merger this year; however, the merger is conditioned upon the occurrence of a number of events, including the approval of the US Maritime Administration, the consummation of transactions which transfer the Tonala to a Delaware corporation that will merge with the company, the consummation of the company's initial public offering and the receipt of customary consents and approvals.

Chiles Offshore is a provider of contract drilling services to the world-wide offshore oil and gas industry.

Source: Business Wire
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« November 2019 »
November
MoTuWeThFrSaSu
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30

Register to announce Your Event

View All Events