Cyprus-based SD Standard Drilling has seen a bet on the drilling market pay off as it raises cash for more shipping and renewables investments.
The Oslo-listed owner of platform supply vessels and a VLCC said it had sold its 500,000 shares in drillship group Noble Corp in July for a profit of $2m.
The company, controlled by Norwegian investor Oystein Stray Spetalen, acquired the stake in March for $9.25m.
