Diamond Offshore sells 50-year-old semisub for scrap

Capt. John

New York-listed offshore drilling contractor Diamond Offshore has sold its 50-year-old semisub rig for recycling. Cash buyer Best Oasis has picked up the 1974-built Ocean Monarch for $7.5m. Diamond Offshore has been marketing the rig for sale since last year only to confirm the unit as disposed of...


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