Tuesday 19 July 2016

Paragon Offshore has stacked a pair of rig that used to be on charter to Brazilian state giant Petrobras.

The Houston-based rig owner has sent the semi-submersible MSS2 and the drillship DPDS2 to Puerto Rico to be stacked, its latest fleet status update showed.

The MSS2 had been on contract to Petrobras from mid-October 2010 until early April this year.

Petrobras let the DPDS2 go in September last year, with the Brazilian company disputing some 520 days of contract, which was originally scheduled to end in early March 2017.

Paragon reiterated that it is pursuing legal action on the issue.

The owner also revealed in its report that it landed a short-term deal with Nexen in the UK for the semisub MSS1. The unit will work from mid-August 2016 to late October 2016 at $110,000 a day.

The C20051 has also had its contract extended by Total for light well intervention work off the Netherlands from mid-July to mid-August at $65,000 a day. The unit had been on contract to the French super-major in the area at $135,000 per day.