Cash-strapped Songa Offshore mulls selling more rig assets, including four 'Category D' newbuildings on order at Daewoo Shipbuilding & Marine Engineering in Korea.
The Norwegian rig contractor suffered a net loss of $108m in the third quarter.
The company had a huge debt totalling more than $1bn at the end of September.
Songa recently disposed of its deep-water rig Songa Eclipse to Seadrill in a $590m deal to help reduce its debt.
Further sales could follow, of its remaining fleet of five operating units, as well as the Cat-D newbuild quartet.