Mexico’s state-owned oil and gas company Pemex is to terminate its charter of a jack-up drilling rig owned by Aban Group’s subsidiary Deep Drilling Invest three months earlier than expected.
The contract for Deep Driller 1 will now terminate on June 1 this year, the Oslo-listed rig owner said today. The early cancellation could cost the owner around $13.4m excluding compensation.
The 2006-built rig has been earning around $149,000 per day since commencing the contract for Pemex in the third quarter 2013. The term was originally scheduled to terminate this September.
Deep Driller 1 is the only of one of Deep Drilling Invest’s eight rigs with contracted revenue backlog in 2016.
