Pemex adds another year to Oro Negro’s jack-up contract

Mexican oil and gas services company Oro Negro has entered a one-year contract extension with Mexican state-owned oil and gas company, Pemex.

Oro Negro’s 2014-built jack-up rig Decus will continue working for Pemex under a contract which provides options for another extension, until 2018. The amendment is effective as of October 26, 2015.

The Pacific Class 400 jack-up rig was built by Sembcorp Marine’s subsidiary PPL Shipyard and delivered to Oro Negro in February, 2015. Oro Negro currently operates a fleet of eight jack-ups.

In August 2015, Pemex cut the dayrates for four of Oro Negro’s four drilling rigs, Primus, Laurus, Fortius, and Decus.

Back then, it was said that the daily rental rate for each of the rigs would be reduced from $160,000 to $130,000 for the period from June 1, 2015 through May 31, 2016.

It has been further noted that from and after June 1, 2016, the daily rental rate would return to approximately $160,000. The companies also agreed to extend charter leases by one year for each rig.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 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

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Beijing International Offshore Oil & Gas Exhibition (ciooe) 2019

Beijing International Offshore Oil & Gas Exhibition (ciooe), is a regular gathering in oil & gas industry…

read more >

Lebanon International Oil & Gas Summit 2019

LIOG 2019 will delve further into the opportunities that are present in Lebanon’s energy sector…

read more >

Atyrau Oil & Gas 2019

The event program is dedicated to the most topical issues of search, exploration, development of hydrocarbons…

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