Examples of Jackup Rig in a sentence
The term “Sale of Assets” shall refer to a transaction or series of transactions consummated prior to the Newco Transaction Date in which the Company sells or otherwise transfers to one or more third-parties unaffiliated with the Company all or substantially all of the Mat Jackup Rig Assets.
The term “Purchaser” means one or more third-parties unaffiliated with the Company which acquire the Mat Jackup Rig Assets in a Sale of Assets.
The term “Mat Jackup Rig Assets” means the 21 mat-supported jackup rigs owned directly or indirectly by Pride International, Inc.
The term “Newco” means the entity formed to hold, directly or indirectly, all or substantially all of the Mat Jackup Rig Assets.
Independent Leg Jackup Rig Segment The company’s independent-leg jackup segment, composed of seven units, reported revenues of $70.2 million during the second quarter of 2009 compared to $78.4 million during the preceding quarter of 2009.
Mat-Supported Jackup Rig Segment Revenues from the company’s mat-supported jackup rig segment, composed of 20 rigs, were $56.5 million during the second quarter of 2009 compared to $90.3 million during the previous quarter.