Update on X-Drill

Does anyone have any new information on the status of X-Drill?

Hopefully Meeheen has been liquidated and X-Drill will never get going. It would be Frontier and Falcon Drilling all over again if it has his DNA in the bastard child.

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At least the money would be good for the short period.

So, from what i have heard lately, they will build when they have a firm contract for a rig. They will not build on spec. Doesn’t look like any news on a newbuild this year.

[QUOTE=PDCMATE;110572]So, from what i have heard lately, they will build when they have a firm contract for a rig. They will not build on spec. Doesn’t look like any news on a newbuild this year.[/QUOTE]

after how horribly Shell got raped by the MeeMan, how could ANY major oil company sign a longterm contract with him? It simply runs counter to any and all credulity but then again never say it can never happen in this industry. What’s news there and PacDrill btw?

Well we passed on #9, for now. Probably because we dont have any loi for #7 or #8, but I have heard possibly exxon for #7, and west africa maybe Ghana.

[QUOTE=PDCMATE;110729]Well we passed on #9, for now. Probably because we dont have any loi for #7 or #8, but I have heard possibly exxon for #7, and west africa maybe Ghana.[/QUOTE]

Yeah, I think we might have hit a wall regarding more newbuild drillships. No announcements for orders now for at least a couple of months!