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5 million that it has already used or means to utilize to reduce its debt. Source: Business News Release Do you have interesting material to show us? Enter your e-mail address so we can get in touch.
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BAAR, Switzerland, March 25, 2019/ PRNewswire/-- Weatherford International plc (NYSE: WFT) (the "Company" or "Weatherford") today revealed it has finished the sale of two land drilling rigs that were moved in Algeria and has actually provided 2 idle land drilling rigs from Iraq. The Business got $10 million in cash for each of the land drilling rigs relocated in Algeria and an extra $12 million in cash for the shipment of 2 idle land drilling rigs outside of Iraq, for aggregate profits of $32 million.
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5 million (the "Transaction"). The Deal includes 31 land drilling rigs and associated drilling agreements, along with approximately 2,300 workers and contract personnel. These deals are the last in a series that went through regulative approvals, authorizations and other customary closing conditions. In December 2018, the Business revealed the closing of its Precision Drilling Services Saudi Arabia land drilling operations for $92.
In November 2018, the Business announced the closing of its Kuwait land drilling rigs sale for $123 million in money, and an additional $12 million to be received in equal $6 million increments upon the delivery of 2 idle land drilling rigs from Iraq. In February 2019, the Company revealed the completion of the sale of 4 contracted drilling rigs in Algeria for $40 million in money.