MORE PENROD RIGS TO BE SOLD
Energy Service Co. Inc. (Ensco), Houston, and R.D. Smith & Co. Inc., New York, have agreed to sell two more Penrod Drilling Corp. semisubmersible rigs. Penrod 73 and 78 are to be sold for $90 million to AS HAV, an affiliate of Helmer Staubo & Co., Oslo. Ensco and Smith earlier agreed to sell the Penrod 76 and 77 semisubmersibles to Wilrig AS of Norway for $95 million in a trade designed to facilitate Penrod's recapitalization (OGJ, Aug. 6, p. 35).