New Jack-Up Rig PROSPECTOR 1 Delivered (China)

Prospector Offshore Drilling S.A. today took delivery of PROSPECTOR 1, from Dalian Shipbuilding Industry Offshore Co., Ltd. in Dalian, China.

PROSPECTOR 1 is the first in the Company’s series of six high specification, harsh environment jack-up drilling rigs built to the Friede and Goldman JU2000E design. The rig will now be mobilized to the UK sector of the North Sea where it is contracted to work for Total E&P UK Limited and Elf Exploration UK Limited.

Robert W. Rose, the Company President and Chief Executive Officer, commented today: “Our strategy is to own and operate a modern fleet of high specification jack-up rigs that are capable of working in harsh environments around the world. Taking delivery of PROSPECTOR 1 marks a significant milestone on the road to implementing this strategy. We extend our special thank you to American Bureau of Shipping, Cameron Drilling Systems, China Development Bank Corporation, Dalian Shipbuilding Industry Offshore Co., Ltd. and Friede and Goldman Marketing BV for their hard work and dedication to this project.”

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PROS, September 27, 2013