Prospector 7 (Shanghai Waigaoqiao) (Jackup)

Paragon Extends Delivery of High Specification Jackup Prospector 7

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10 November 2015

Paragon offshore has reported that one of its wholly-owned subsidiaries has signed an agreement with Shanghai Waigaoqiao Shipbuilding Co., LTD., to push back the delivery date of the high specification Friede and Goldman JU-2000E jackup Prospector 7 jackup rig by 12 months after the unit has been technically accepted. The unit will now be delivered from the yard towards the end of December 2016.

Source: http://www.paragonoffshore.com/investors-relations/investor-news


More News for Operator: Shanghai Waigaoqiao

13 Nov 2014

Prospector announces plan to sell 'Prospector 6'

Prospector Offshore Drilling S.A. (Prospector) released its results for Q3 2014 on the 12th November 2014. Within its results the company announced that its third newbuild jackup rig ‘Prospector 6’ is now classified as being held for sale. Prospector has yet to secure a contract for the newbuild jackup and rather than take delivery of an un-contracted unit, the company has decided to sell the asset in order to raise capital and not expose itself to new expenditure. The company has also signed a contract amendment with Shanghai Waigaoqiao Shipbuilding Co. Ltd (SWS) to push back delivery of the ‘Prospector 6’ by four months to Q1 2015.

24 Jul 2015

Paragon Offshore delays delivery of 'Prospector 6'

Paragon Offshore Plc (“Paragon”) today announced that the company’s wholly-owned subsidiary has signed an agreement with Shanghai Waigaoqiao Shipbuilding Co., Ltd. to extend the delivery date of the high-specification Prospector 6 to April 15th. 2016. Under the terms of the agreement, no payments are due to the shipyard until the delivery date and upon completion of the delivery protocol.

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