SS Pantanal (Base) (Semisub)

ICBC to purchase and lease two semisub rigs

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21 July 2014

Industrial and Commercial Bank of China (ICBC) subsidiary ICBC Financial Leasing, has inked a leasing deal with Schahin Group, a supplier of offshore drilling rigs to Petrobras. The deal was signed on the 17th July 2014 and involves the purchase and leasing of the ‘SS Pantanal’ and ‘SS Amazonia’ semisubmersible drilling rigs. ICBC Financial Leasing will purchase the units for USD1.08 billion, with one unit being leased back for eight years and the other for four years.


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