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Norwegian investors buy drilling rig for less than 1 percent of original cost

A group of Norwegian investors acquire a drilling rig at a price of USD 2.5m, corresponding to less than 1 percent of the original buying price, writes Finansavisen.

Photo: POLFOTO/AP/Daniella Beccaria/seattlepi.com

A number of Norwegian investors, headed by Erland P. Bassøe, have purchased a drilling rig for less than 1 percent of the original cost, reports Norwegian business daily Finansavisen.

The newspaper has also learned that Arne Blystad is among the investors.

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