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"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.

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We have a global network of rig owners who want to sell.
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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.