Seatrium Limited (SG:5E2) has released an update.
Seatrium Limited has delivered the fourth in a series of advanced jackup rigs, the ‘Vali,’ to Borr Drilling a year ahead of schedule, showcasing the company’s ability to complete major projects efficiently and on budget. The Vali is a high-capacity KFELS Super B Class rig designed for both vertical and horizontal deep-well drilling, and is one of five rigs Seatrium has constructed for Borr Drilling. This achievement reinforces Seatrium’s reputation for technical excellence and commitment to meeting the evolving needs of the global energy sector.
For further insights into SG:5E2 stock, check out TipRanks’ Stock Analysis page.