TITANIA JACKUP AWARDED ONE-YEAR CONTRACT OFFSHORE IN MEXICO

February 07, 2024

Paratus Energy Services announce that SeaMex Holdings and related subsidiaries has secured a one-year contract for the Titania jack-up in Mexico. The new contract will contribute approximately $55 million in backlog and is expected to commence around mid-February 2024.
As previously disclosed, the Titania has remained operating under its existing contract beyond its early termination date of March 16, 2023 pursuant to a well completion clause under the agreement. The Titania will operate in direct continuation under the new contract award.
Titania is previously part of Seadrill and named West Titania. The 400 ft jack up was built at Dalian shipyard in China and delivered in 2014.
SeaMex Group is an offshore driller with a fleet of five high-specification jack-up rigs. All units are currently operating under contract in Mexico.
SeaMex is a wholly-owned subsidiary of Paratus.
(Source: Paratus Energy)