Prospector Offshore Drilling SA - Hugin.info

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8 Νοε 2013 (πριν από 3 χρόνια και 7 μήνες)

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Prospector Offshore Drilling S.A.

Société anonyme


65, Boulevard Grande Duchesse Charlotte, L
-
1331 Luxembourg

Grand
-
Duchy of Luxembourg

R.C.S. Luxembourg B 153772

PROS


Announces an
a
mendment to the
PROSPECTOR 1

drilling

contract


Luxembourg,
7

June
,

201
3
:

Prospector Offshore Drilling S.A. (the “Company”

or “PROS”)

announced

today th
at
,

further to the announcement on 8 April 2013,

a subsidiary of
the
Company and Total E&P
UK Limited
and Elf
Exploration

UK Limited
(“Total”)

have
executed

an amendment to the
drilling
contract
(“Contract”)
for
PROSPECTOR 1
.

The amended terms of the
C
ontract
include

an
increase
to
the
primary contract term

from
690 days

to 730 days,
and
a
change
to
the
contract extension
options

giving
Total the
option
to
extend the initial
duration

for
a one year
period,

followed by
four each

-

six
month
periods
.

The
contract
commencement window has also been amended to

include

the period
between
December 2013 and
February

2014.
The drilling program is
anticipated

to
commence
in

January

2014
,
following the delivery of
PROSPECTOR 1

from

the shipyard in China, which is expected to occur in
September 2013.
The total aggregate revenue for the initial
duration of
730

day
s

is estimated to be USD
1
42.5

million

including mobilization fee
.


Robert W. Rose, the Company President and CEO, commente
d today: “This
contract amendment is an
important step in the ongoing preparation for the operation of
PROSPECTOR 1

at Total locations in the
North Sea
.


The
extension of the primary contract term is an indication of the strong market in the
central North

Sea

and we are confident that additional Prospector rigs will be contracted in this region
prior to
their
delivery.



This press release contains forward
-
looking statements that involve risks and uncertainties. You are
cautioned not to put undue reliance

on forward
-
looking statements because actual events and results
may differ materially from the expected results described by such forward
-
looking statements.
Prospector Offshore Drilling S.A. disclaims any obligation to update and revise any forward
-
look
ing
statements, whether as a result of new information, future events or otherwise.


About the Company:

PROS is a high specification jack
-
up drilling contractor. PROS currently has contracts in place for the
design, construction and delivery of six JU2000
E high specification, harsh environment (

HS/HE

) jack
-
up
drilling rigs. PROS also has option agreements for the construction of
three

additional rigs of the same
design. Upon deployment of its rigs, PROS, under its proven management team, will have the
newest
fleet of HS/HE jack
-
up rigs in the world, operating with the most advanced drilling systems available in
the industry.


For further information, please contact:


Contact:

Robert W. Rose

Chief Executive Officer

Prospector Offshore Drilling S.A.

Tel: +1 281 560 8010