BW Energy seals $80m sale and leaseback for Jasmine Alpha rig

BW Energy has finalized a $80 million sale and leaseback agreement for its Jasmine Alpha drilling rig, aiming to enhance liquidity. The transaction is expected to provide the company with immediate capital while retaining operational use of

• BW Energy executed a $80m sale and leaseback for the Jasmine Alpha rig.
• The transaction is a corporate finance move aimed at optimizing capital structure.