New York-listed Seadrill announced today that it is in active discussions to sell Qatar Jack Up Fleet, the jack-up rigs known as the West Castor, West Telesto and West Tucana.

These jack up rigs are bareboat chartered by Seadrill to Gulfdrill LLC, a 50:50 joint venture between Seadrill and Gulf Drilling International.

In addition, Seadrill announced a potential sell of its 50% equity interest in Gulfdrill.

Seadrill has not reached agreement yet on material terms, including price, with any potential purchaser. The company reveals that any transaction is subject to additional due diligence and the negotiation and execution of definitive agreements.

It is also making it clear that at this stage there is no certainty that the process will continue or that a transaction will materialize.

UK-headquartered Seadrill is a major offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the world.