Semi-submersible rig "NAGA 1" sold for demolition
2017-10-24Japan Drilling Company(JDC) offshore drilling rig "NAGA 1" (formerly HAKURYU-3), owned by JDC's subsidiary, JDC Panama, Inc., was sold on October 20, 2017. JDC decided to sell this 1974 built semi-submersible rig to an overseas entity for demolition. In recent years "NAGA 1" operated mainly in Malaysia and was jointly owned by JDC Group and Malaysian UMW Group. In May 2017 it became 100% Japanese owned.