$5.2B Global Marketplace for Asset Recovery & Surplus Inventory

    1000 HP MD Cowan Super Single MD525 Land Rig - Refurbished - Ready to Drill

    Welcome to Salvex Marketplace where you can buy surplus, salvage, and discounted Land Rigs and Equipment as part of a commercial repurposing strategy.

    1000 HP MD Cowan Super Single MD525 Land Rig - Refurbished - Ready to Drill Share with Buyers


    Welcome to Salvex Marketplace where you can buy surplus, salvage, and discounted Land Rigs and Equipment as part of a commercial repurposing strategy.

    ID:183040981
    Seller:
    Seller Industry:
    Quantity:1 Rig
    Manufacturer:

    MD Cowan View more items from this manufacturer

    Condition:
    Used

    All the items are "as is, where is". Buyer is responsible for loading, freight and logistics to final destination.


    :
    Product Location:Middle East
    End Time:

    Item Description

    This MD Cowan - Super Single MD525-E (DC) 1000 HP­­­­­ is no longer needed for company's own operation and is being sold as an asset liquidation for its owner.

    MD Cowan MD525-E 1000hp Super Single SCR Rig.  100% completed CAT IV & refurbishment. 15 Trailers and 3 x Low Bed.  Below link is to animation of actual rig. Commissioning is in final stages.

    Rig was delivered in 2010, spudded 1st well in June 2010 and continued to drill a total of 77 wells until April 2017.  Certificate of Origin available. Rig has a complete recent valid CAT IV documentation package.

    The rig is a basic rig as originally delivered by MD Cowan (including BOP & Choke Manifold).   We have included basic handling tools, tubulars etc in the attached IADC list.  Different clients have different requirements so any additional equipment required can be arranged.

    GENERAL DESCRIPTION

    • Design : MD Cowan
    • Nominal Drilling Depth: 12,000ft
    • Wire Line Dia: 1-1/4 1-1/4

    MAST

    • Make: IDS IDS
    • Height: 72ft (21.95m)
    • Max. Hook Load: 500,000 Lbs.

     

    SUBSTRUCTURE

    • Model: IDS
    • Height: 19.6ft
    • Width: 12ft

    DEAD LINE ANCHOR

    • Model: Hercules HA-119T
    • Load Rating: 60,000 Lbs.

    DRAWWORKS

    • Model: Rig Tech RT-400BE
    • Rated Capacity: 1000 HP
    • Auxiliary Brake: Eaton WCB424

    TRAVELLING SYSTEM

    • Travelling Block: 
      • MD Cowan
      • Integrated 4 Sheave
      • 550,000 Lbs.
    • Crown Block:
      • IDS
      • 500,000 Lbs.
      • 7 Nos. Sheave

    TOP DRIVE

    • Model: Venture Tech XK-250 Venture Tech XK-250 Hydraulic
    • Max. Rotary Speed: 165 RPM
    • Rated Capacity: 500,000 Lbs.
    • Pressure: 5000psi

    For more info please find the attached file.

    Seller Terms

    • Salvex and the seller have the right to reject any and all offers.
    • This product is sold AS IS, WHERE IS.
    • Buyer is responsible for all taxes, duties, loading and freight charges.
    • Seller does not offer any warranties or manufacturer warranties.
    • Upon receipt of cleared funds, Seller will provide the Buyer a Release Order for item pick up. Title transfers from Seller to Buyer upon issuance of the Release Order.
    • It is Buyer's responsibility to verify quantities and condition at the time of pick up. Once the product has been removed from Seller's location, there will be no adjustments based on quantity or condition.

    Salvex is a prominent global e-commerce platform specializing in the sale of surplus commercial assets. We collaborate with thousands of companies, both publicly traded and private, spanning 200 countries worldwide. Our expertise lies in repurposing Oil and Gas and Land Rigs and Equipment sourced from insurance claims, corporate surpluses, asset recoveries, bankruptcies, and natural disasters. We identify markets across North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. Through our global sustainability initiatives, we contribute to environmental preservation by implementing carbon offset strategies through asset repurposing. We look forward to assisting your company in finding exceptional deals by showcasing surplus assets that align with your requirements.

    Salvex handles surplus, bankruptcy, overruns, obsolete inventory, disposal, insurance claims, online auctions, liquidation sale, foreclosure, lockout, seized, scrap, salvage, new, used, damaged, refurbished, and asset recovery.

    Repurposing commercial assets creates carbon offsets and sustainability corporate solutions.