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Frigstad Offshore Completed Rig Handover

Frigstad Offshore has completed handover of the jackup Hakuryu-12 to new owner

Frigstad Offshore was appointed as asset management advisor to Bank of Tokyo Leasing in November 2021, to assist with and oversee the handover of the jackup Hakuryu-12 from Japan Drilling Company upon end of a bareboat charter agreement. The work included coordination of the handover, on-site presence in Dubai and assistance with sale of the unit to new owner (ADES).