Discovery Offshore Gets More Time to Pay for New Jack-Up Rig

Discovery Offshore S.A. announced today that the due date of the final shipyard installment on the Discovery Triumph to Keppel FELS Limited has been extended to 1 August 2013.

Discovery Offshore is a Luxembourg-based public limited liability company incorporated on 12 January 2011 for the purpose of owning new ultra high specification jackup drilling rigs.

The Company’s main assets are two Keppel FELS Super A high specification harsh environment jackup rigs. Construction of the first rig, the Discovery Triumph, was completed in the second quarter of 2013, with delivery of the second rig, the Discovery Resilience, scheduled for the fourth quarter of 2013.