Smedvig will pay approximately $65 million to pick up KFels' 72% stake in the tender rig, with the purchase expected to take place next month when the semisub is delivered. Smedvig will then own 100% of the $94 million newbuild.
West Setia has a $12.3 million contract for six months, with a six-month option, lined up with Brunei Shell Petroleum immediately after delivery.
Smedvig
