Friday, February 27, 2009

New Pemex Contracts

Pemex contracts three rigs for US$249.7 million
"Diamond Offshore subsidiary Mexdrill Offshore won contracts for two jackups. Ocean Nugget has been contracted for 849 days beginning April 11 for US$118.2 million. Ocean Summit, currently hot stacked, was awarded a US$70.3 million contract for 476 days, beginning July 31."


The dayrate for Ocean Nugget according to DO is ~135k, which is about 20% below the dr of the last contract.

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