Cairo driller buys Ben Loyal jack up

ADES Advanced Energy Systems, Cairo, has bought the Ben Loyal jack up drilling rig from KCA Deutag, Aberdeen, for an undisclosed price.

KCA Deutag acquired the rig, which was built in 1981, in 2005. The rig had been under contract in the Gulf of Mexico until last October.

The cantilever unit can drill to as deep as 25,000 ft in as much as 300 ft of water.

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