5 million that it has currently utilized or intends to use to reduce its financial obligation. Source: Business News Release Do you have intriguing content to share with us? Enter your email address so we can get in touch.
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BAAR, Switzerland, March 25, 2019/ PRNewswire/-- Weatherford International plc (NYSE: WFT) (the "Company" or "Weatherford") today revealed it has finished the sale of two land drilling rigs that were transferred in Algeria and has actually delivered 2 idle land drilling rigs from Iraq. The Company got $10 million in cash for each of the land drilling rigs relocated in Algeria and an extra $12 million in money for the shipment of two idle land drilling rigs beyond Iraq, for aggregate proceeds of $32 million.
5 million (the "Deal"). https://www.oilrigsnow.com consists of 31 land drilling rigs and related drilling agreements, along with around 2,300 employees and agreement personnel. These deals are the last in a series that were subject to regulative approvals, approvals and other customary closing conditions. In December 2018, the Company revealed the closing of its Accuracy Drilling Services Saudi Arabia land drilling operations for $92.
In November 2018, the Business announced the closing of its Kuwait land drilling rigs sale for $123 million in money, and an additional $12 million to be gotten in equal $6 million increments upon the shipment of two idle land drilling rigs from Iraq. In February 2019, the Company announced the completion of the sale of four contracted drilling rigs in Algeria for $40 million in money.