Oro Negro reduces rig dayrates for Pemex

Oro Negro, a Mexican drilling contractor, has agreed to lower day rates for its rigs hired by Mexico’s state-controlled oil company Pemex.

According to the driller, the terms have been amended for Oro Negro’s Primus, Laurus, Fortius, and Decus drilling rigs.

Under the new agreement, the dayrate for each will be cut from $160.000 to $130.000, for the period June 1, 2015 through May 31, 2016.

Oro Negro further said that the dayrates should return to $160.000 after June 1, 2016. Furthermore, Pemex has agreed to extend the rig contracts by one year each.

The driller also added that it started talk with Pemex over a possible charter lease for the Impetus drilling rig. The company expects to finalize the discussion by December 31, 2015.

“Oro Negro believes these agreements will help strengthen Oro Negro’s relationship with Pemex for the duration of the leases, reduce uncertainties, and position Oro Negro to maintain its positive momentum and to focus on its core operations, despite the macroeconomic challenges facing the oil and gas industry,”  the Mexican drilling contractor said in a statement.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Aug 2018 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

FPSO World Congress 2018

This year’s FPSO World Congress will tap on this green shoots of recovery and will focus on practical strategies to address key project…

read more >

ONS 2018

Offshore Northern Seas (ONS) provides a platform for the presentation of the political, economic and technological issues involving…

read more >

FPSO World Congress 2018

The Congress will continue its global focus and will feature the biggest and most important names in the FPSO industry…

read more >

SPE Asia Pacific Oil & Gas Conference and Exhibition 2018

As the energy industry adapts to a new status quo operating under sustained low oil prices, there continues to be a need for the industry…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply