Pemex terminates charter of Deep Drilling rig

Pemex terminates charter of Deep Drilling rig

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.

 

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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