Rig B325 was sold on July 11.
Rig B324 was sold on June 26
Rig B319 was sold on 17 November.
Two rigs (B324 and B325) purchased from Clearwater Capital Partners Fund III, L.P. and orders for four rigs (B337, B338, B339 and B340) were placed with Keppel FELS Shipyard.
Seven rigs comprise S.D. Standard Drilling fleet
US$330 million private placement completed on 14 April. Proceeds were used to fund the subsequent purchase of six rigs.
On 25 March, S.D. Standard Drilling begins trading on the Oslo Axess under the symbol SDSD
US$42 million private placement completed. Proceeds were used to fund the first installment payment on rig B319.
On 2 December, the Company was incorporated as a private limited liability company under the laws of Cyprus and named S.D. Standard Drilling Limited.
On 23 December, the limited liability company was converted into a public limited liability company and renamed S.D. Standard Drilling Plc.
Norwegian investors Øystein Stray Spetalen, Gunnar Hvammen and Glen Ole Rodland are the founding members of S.D. Standard Drilling.
On 23 November, rig B319 was ordered at Keppel FELS by one of the founding investors of S.D. Standard Drilling.