Samsung Heavy Industries, Drillship Sale Success?... Liquidity 'Green Light'
Sale of One Drillship to European Drilling Company
Three Drillships Remaining Out of Five
[Asia Economy Reporter Hwang Yoon-joo] Samsung Heavy Industries is accelerating liquidity 확보 by successfully selling its second drillship this year.
Samsung Heavy Industries announced on the 1st that it has signed a drillship sales contract with a European drilling company. The sale amount is $245 million, and after hull cleaning and preparations for reactivation such as sea trials, delivery is scheduled within the first quarter of 2023.
The drillship sold was ordered in 2014 from Greece's Ocean Rig. With this, Samsung Heavy Industries has sold 2 out of the 5 drillships that had not yet been delivered.
With this sale, Samsung Heavy Industries is expected to further strengthen its financial structure by securing additional liquidity following a paid-in capital increase and reducing maintenance costs.
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Meanwhile, Samsung Heavy Industries signed a charter contract for one drillship with Italy's Saipem in June and successfully delivered it last month. This contract includes a purchase option, raising expectations for a full sale in the future.
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