"EnergyFundz™ saved us time and money locating the rigs we needed."
Scrap Rig Buyer, Houston firm
AVAILABILITY: At any given time, EnergyFundz™ has access to a minimum of 5-7 scrap rigs located in the Gulf of Mexico, Trinidad, Gulf of Guinea (W. Africa), or Johor River (Singapore/Malaysia). These rigs require signfiicant investment to make them drill-ready and owners would rather scrap than keep cold-stacked at a cost of $10,000 per day.
PRICES: EnergyFundz™ has encountered scrap rigs which range between $100,000 to $1,000,000. Prices depend on the drilling equipment (top-drive, draw-works, etc.) still available on the rig. Another factor to consider is the status of the owner and whether they are financially stable or undergoing bankruptcy proceedings.
PRICES: EnergyFundz™ has encountered scrap rigs which range between $100,000 to $1,000,000. Prices depend on the drilling equipment (top-drive, draw-works, etc.) still available on the rig. Another factor to consider is the status of the owner and whether they are financially stable or undergoing bankruptcy proceedings.
Rig Moving & Towing
Buyers should keep in mind the costs to move a rig to the scrapping yard.
Requirements to move offshore vessels within the US differ significantly to moving outside the US.
EnergyFundz™ has partnered with local and international rig movers and able to provide competitive packages to buyers.
