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5 million that it has actually currently utilized or intends to utilize to minimize its financial obligation. Source: Business News Release Do you have fascinating material to show us? Enter your e-mail address so we can get in touch.

Oilfield Land Rigs Drilling Equipment For Sale Rent & Auction - New & Used  Results 1 - 24

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BAAR, Switzerland, March 25, 2019/ PRNewswire/-- Weatherford International plc (NYSE: WFT) (the "Company" or "Weatherford") today announced it has finished the sale of two land drilling rigs that were relocated in Algeria and has provided 2 idle land drilling rigs from Iraq.  Related Source Here  got $10 million in cash for each of the land drilling rigs moved in Algeria and an additional $12 million in money for the shipment of two idle land drilling rigs outside of Iraq, for aggregate proceeds of $32 million.

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5 million (the "Deal"). The Transaction consists of 31 land drilling rigs and related drilling agreements, in addition to around 2,300 employees and agreement workers. These deals are the last in a series that were subject to regulative approvals, approvals and other traditional closing conditions. In December 2018, the Business revealed the closing of its Accuracy Drilling Services Saudi Arabia land drilling operations for $92.

In November 2018, the Business revealed the closing of its Kuwait land drilling rigs sale for $123 million in money, and an extra $12 million to be gotten in equivalent $6 million increments upon the delivery of two idle land drilling rigs from Iraq. In February 2019, the Business announced the completion of the sale of 4 contracted drilling rigs in Algeria for $40 million in cash.