Rosneft-Sakhalinmorneftegaz sells its jackups in Persian Gulf

Starting in April, Rosneft-Sakhalinmorneftegaz (RN-SMNG) company no longer has any jack-up rigs for offshore drilling left.
The company said that its four oil rigs that used to operate in the Persian Gulf had been sold because the Russian taxation law made their operation unprofitable.

Under the existing law, every two years the Sakhalin company's oil rigs had to be taken from the Middle East to the Far East for inspection by the taxation authorities.
RN-SMNG intends to use the money raised from the sale of its oil rigs to order new and more advanced jack-up rigs for carrying out Sakhalin offshore exploration contracts.