Search results for: The Prospector

147 results

A list of search results

  • 28 April 2014
    Business & Finance

    Prospector Offshore Drilling S.A. announces that its newly formed subsidiary, Prospector Finance II S.à r.l. has secured a fully committed Senior Secured Credit Facility (the “Senior Credit Facility”), subject to documentation, in the amount of USD 270 million. Prospector Finance II S.à r.l. is also contemplating the issuance of a USD 100 million second lien bond (the “Bond […]

  • 8 April 2013
    Business & Finance

    Prospector Offshore Drilling S.A.,  a high specification jack-up drilling contractor  announced today that Total E&P UK Limited  has acknowledged, by letter, that the PROSPECTOR 1 rig’s shipyard delivery date will be put off and has formally said that they will not terminate the charter contract which was originally announced on 23 July 2012. “The company continues to work closely […]

  • 25 November 2014
    Business & Finance, Exploration & Production

    Paragon Offshore, the largest shareholder of Prospector Offshore Drilling since last week, has lodged a formal request for an extraordinary general meeting of  the shareholders of Prospector Offshore Drilling S.A. to be convened. At the meeting, Paragon will seek to appoint new board of directors. To remind, Paragon Offshore last week acquired 93.5% of Prospector Offshore […]

  • 13 June 2014
    Business & Finance, Equipment

    Prospector Offshore Drilling S.A. expects that one of its subsidiaries will take delivery of PROSPECTOR 5, from the Shanghai Waigaoqiao Shipbuilding Co. Ltd (“SWS”) Shipyard in Shanghai, China, on Monday, 16 June 2014. PROSPECTOR 5 is the second in the Company’s series of five high specification, harsh environment jack-up drilling rigs built to the Friede […]

  • 9 July 2014
    Business & Finance, Equipment

    Wilhelmsen Technical Solutions (WTS) has received a repeat order to install its Unitor Low Expansion Foam fire extinguishing system on a second jack-up newbuilding for Prospector Offshore Drilling. The specialised fire-fighting systems will provide fire protection for the shale shakers and mud pits on PROSPECTOR 1 and PROSPECTOR 5 during their charters to Total E&P […]

  • 13 June 2014
    Business & Finance

    Prospector Offshore Drilling S.A. (PROS) expects that one of its subsidiaries will take delivery of PROSPECTOR 5, from the Shanghai Waigaoqiao Shipbuilding Co. Ltd Shipyard in Shanghai (SWS), China on June 16. PROSPECTOR 5 is the second in the company’s series of five high specification, harsh environment jack-up drilling rigs built to the Friede and Goldman […]

  • 9 July 2018
    Exploration & Production

    Borr Drilling’s Prospector 5 jack-up drilling rig seems ready to leave Schiedam, The Netherlands, where it’s been sitting for months.

  • 17 November 2014
    Exploration & Production

    Paragon Offshore, an offshore drilling contractor, has acquired 52,749,014 shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess. Paragon acquired the shares at a price of 14.50 Norwegian kroner (NOK) per share, or $2.13 per share based on the exchange rate of one United States dollar to 6.80 NOK. […]

  • 21 August 2014

    A giant heavy-lift and transportation ship has arrived in the Cromarty Firth, Scotland, carrying the jack-up drilling rig Prospector 5.

  • 9 October 2014
    Business & Finance, Exploration & Production

    Prospector Offshore Drilling S.A. has informed that Prospector 1 rig  has been placed on Total E&P UK’s Franklin location in the central North Sea. The rig has now started its two year drilling services contract. In addition, Prospector has announced that Total is installing their equipment on Prospector 5 and acceptance testing is ongoing. At this time the rig […]

  • 4 June 2015
    Business & Finance, Exploration & Production

    Paragon Offshore plc, a provider of offshore drilling rigs to the oil and gas industry, announced that its subsidiaries, which were part of the company’s acquisition of Prospector Offshore Drilling S.A., have entered into a combined $300 million sale-leaseback financing facility with subsidiaries of SinoEnergy. SinoEnergy is a private investment firm registered in the British […]

  • 12 November 2012
    Business & Finance

    Prospector Offshore Drilling S.A. has entered into a non-binding terms and conditions agreement with the China Development Bank Corporation for a senior secured credit facility to finance the final installment of the shipyard construction contract with Dalian Shipbuilding Industry Offshore Co., Ltd. The Facility is considered to be on prevailing market terms for this kind […]

  • 15 August 2014

    The recently delivered Prospector 5 jack-up drilling rig is expected to arrive to Falmouth Bay, UK this weekend.

  • 6 August 2013
    Business & Finance

    Prospector Offshore Drilling S.A. (PROS) said today that, further to the announcement made on 12 November 2012, one of the company’s subsidiaries has executed the necessary documentation for the senior secured loan facility with China Development Bank Corporation (“CDB”) for an amount up to USD 129.5 million. The Loan Facility is fully underwritten by CDB […]

  • 29 July 2013
    Business & Finance

    Prospector Offshore Drilling S.A. announced today that further to the announcement on 19 July 2013, one of the company’s subsidiaries has executed a contract with Total E&P UK Limited and Elf Exploration UK Limited for offshore drilling services in the North Sea with its jack-up rig, “PROSPECTOR 5”. The contract has an initial firm duration […]

  • 24 September 2014
    Business & Finance, Project & Tenders

    Danish offshore project and engineering company Semco Maritime has received first orders for Semco Maritime Rig Projects at Invergordon, UK. To remind, Semco Maritime has in January this year entered into a strategic partnership with Scottish Cromarty Firth Port Authority to establish a centre for rig upgrades at Invergordon in UK. The joint partnership offers customers a […]

  • 24 July 2012
    Business & Finance, Equipment

    Prospector Offshore Drilling S.A. announced that further to the announcement on 25 April 2012, one of the Company’s subsidiaries has executed a contract (the “Contract”) with Total E&P UK Limited and Elf Exploration UK Limited  (“Total”) for offshore drilling services in the North Sea with its first jack-­‐up rig, “PROSPECTOR 1”. The Contract has an initial […]

  • 23 September 2014
    Business & Finance, Equipment

    CGX Energy Inc. has announced that it has entered into a seismic contract with Prospector PTE. Ltd. to conduct a 3,116.74 km2 3D seismic survey on the company’s 100% owned Demerara Block, offshore Guyana. The contract represents one of the most extensive 3D seismic studies ever conducted in this area. The aggregate cost of this […]

  • 7 June 2013

    Prospector Offshore Drilling S.A. announced today that Total E&P UK Limited and Elf Exploration UK Limited (“Total”) have executed an amendment to the drilling contract for PROSPECTOR 1 jack-up rig. The amended terms of the Contract include an increase to the primary contract term from 690 days to 730 days, and a change to the contract extension options giving […]

  • 23 September 2014
    Business & Finance, Operations & Maintenance

    CGX Energy Inc. announced that it has entered into a seismic contract with Prospector PTE. Ltd. to conduct a 3,116.74 km2 3D seismic survey on the Company’s 100% owned Demerara Block, offshore Guyana. The aggregate cost of this seismic survey will be approximately U.S.$17.9 million with 40% of the costs (or approximately U.S.$7 million) being […]

  • 27 September 2013

    Prospector Offshore Drilling S.A. has taken 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 […]

  • 9 September 2014
    Business & Finance, Equipment, Project & Tenders

    Prospector Offshore Drilling S.A. has announced that Total E&P UK Limited and ELF Exploration UK Limited has completed the preparation of the location for Prospector 1 drilling rig. Therefore, as of 5 September 2014 the rig is being compensated per its original contract at the mobilization rate. In addition, the company has announced that Prospector […]