Icon Offshore to sell rig for RM381.6mil

Jack up rig: Icon Offshore diversified into oil drilling business in April 2021

PETALING JAYA: Icon Offshore Bhd is proposing to dispose of Perisai Pacific 101, a jack-up drilling rig, for US$85mil (RM381.65mil).

In a filing with Bursa Malaysia, the company said Icon Caren (L) Inc had entered into a sale and purchase agreement with ADESArabia Holding “or any of its assignee” for the disposal of Perisai Pacific 101.