To read the complete fleet status report of March 10, 2017, click here. <\/p>\n
1. Class: Jackups <\/p>\n
Year <\/p>\n
Built <\/p>\n
Spec. <\/p>\n
Feet\/K feet <\/p>\n
Contract <\/p>\n
End <\/p>\n
Current <\/p>\n
Day rate <\/p>\n
Location <\/p>\n
Rate at 0 revenue <\/p>\n
1982\/2006 <\/p>\n
mid 7\/17 <\/p>\n
76 <\/p>\n
[NDC ZADCO] <\/p>\n
UAE <\/p>\n
M1161 <\/p>\n
1980 <\/p>\n
Early 4\/18 <\/p>\n
62 <\/p>\n
[Dynamic Drilling\/ONGC] <\/p>\n
Bareboat chartered <\/p>\n
India <\/p>\n
B152 <\/p>\n
1982\/2004 <\/p>\n
Late 11\/17 <\/p>\n
81 <\/p>\n
[NDC] <\/p>\n
UAE <\/p>\n
(L1112) <\/p>\n
Noble Ed Holt <\/p>\n
1981\/2003 <\/p>\n
Late 10\/18 <\/p>\n
38 <\/p>\n
[Dynamic Drilling\/ONGC] <\/p>\n
Bareboat chartered <\/p>\n
India <\/p>\n
L786 <\/p>\n
1983\/1998 <\/p>\n
[Dynamic Drilling\/ONGC] <\/p>\n
Bareboat chartered <\/p>\n
India <\/p>\n
Prospector 5 <\/p>\n
6\/2014 <\/p>\n
JU 2000E <\/p>\n
HS-HE <\/p>\n
218 <\/p>\n
[Total] <\/p>\n
UK NS <\/p>\n
Sold to SinoEnergy <\/p>\n
B 391 <\/p>\n
1981-2001 <\/p>\n
[Centrica] <\/p>\n
UK NS <\/p>\n
4-wells <\/p>\n
JU 2000E <\/p>\n
HS-HE <\/p>\n
113 <\/p>\n
Swap with C461 <\/p>\n
[ONE] <\/p>\n
NL <\/p>\n
Sold to SinoEnergy <\/p>\n
3. Prospector Offshore HE-HS Jack-up new build. <\/p>\n
Name <\/p>\n
Year built <\/p>\n
Spec. <\/p>\n
Feet\/K feet <\/p>\n
Contract <\/p>\n
End <\/p>\n
Information <\/p>\n
Prospector 6 <\/p>\n
Delayed <\/p>\n
JU 2000E <\/p>\n
HS-HE <\/p>\n
Prospector 7 <\/p>\n
delayed <\/p>\n
JU 2000E <\/p>\n
HS-HE <\/p>\n
Prospector 8 <\/p>\n
delayed <\/p>\n
JU 2000E <\/p>\n
HS-HE <\/p>\n
Note: The company has the option to delay the delivery of Prospector 6. The three rigs (P6, P7 and P8) are being constructed on a non-recourse basis with no parent company guarantees. They do not figure into the fleet status anymore. <\/p>\n
Cold Stacked and Ready Stacked Rigs <\/p>\n
Note: Ready stacked includes warm stacked, hot stacked and available (When the status or rig name is marked in blue you can click to get more information). <\/p>\n
1981\/2002 <\/p>\n
2011 <\/p>\n
Cold stacked <\/p>\n
M842 <\/p>\n
M825 <\/p>\n
The company indicated a backlog of $242 million as of December 31, 2016 (now estimated at $195 million as of March 10, 2017): <\/p>\n<\/p>\n
Paragon Fleet Status <\/p>\n
Commentary: <\/p>\n
Paragon Offshore released another depressing FSR after a long silence. As a reminder, the preceding fleet status was released on October 18, 2016. <\/p>\n
1 - The company managed to bag a small 4-well contract @$55k\/d, in the North See for the JU B 391 in UK with Centrica. Additional backlog is $5 million. <\/p>\n
2 - Prospector 1 and C461. Contract runs until mid 2\/2018. <\/p>\n
Executed rig-swap with ONE, transferring all remaining contracted days from the Paragon C461 to the Prospector 1. Anticipate 6 days off rate in March 2017 for planned upgrades; these days to be added to the end of the contract. <\/p>\n
<\/p>\n
See the original post here: <\/p>\n
Paragon Offshore - Complete Fleet Status As Of March 10, 2017 And Commentary - Seeking Alpha<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" To read the complete fleet status report of March 10, 2017, click here. Continue reading