Semco Maritime to fix up Paragon rig for new gig
- Business & Finance
Semco Maritime has won a contract with Paragon Offshore for intermediate classification and service works on the semi-sub drilling rig Paragon MSS1.
The work on the 1979-built rig will be done in order to prepare the rig for a recently won contract in the North Sea.
The service works will be performed at Semco Maritime’s rig facilities at Invergordon, Scotland, over an estimated period of 60 days.
Semco Maritime did not provide any details on the rig’s arrival; however, according to Marine Traffic, the rig is already moored in Invergordon.
According to Paragon’s fleet status report for March 2016, the Paragon MSS1’s latest contract was with Nexen in the UK, with a dayrate of $150,000.
Lars Skov, Semco Maritime Rig Projects, Senior Vice President, said: “Our three strategically located hot spots in UK, Norway and Denmark offer the kind of flexibility, convenience and cost-efficiency that many of our rig clients are looking for in the current market.”