Chinese financial institution ICBC Leasing will sell one of its two semi-submersible drilling rigs, the Pantanal, in an online auction 9 February.

The deep-water rig has been cold-stacked at the jetty of Sembawang Shipyard, Tanjung Balai Karimun, Indonesia since May, 2021 following the earlier cancellation of a charter with Brazilian oil giant Petrobras.

The rig auction, managed by Zhejiang Shipping Exchange, will have a starting price of $8 million.

ICBC Leasing bought the Pantanal along with sister rig Amazonia from contractor Schahin in 2014 and leased them back to the Brazilian company.