PEMEX extends contract for Pride Tennessee

Source: Energy Current

MEXICO CITY: Petroleos Mexicanos (PEMEX) has extended its contract for Pride International jackup Pride Tennessee from the end of August until October 2009 at a day rate of US$117,200. The rig has been drilling offshore Mexico for PEMEX since March 2007.

Jackup Pride Wisconsin had also been drilling for PEMEX, but is now idle after its contract ended on Aug. 31. The rig is returning to the U.S. Gulf of Mexico to be stacked.

Pride Tennessee and Pride Wisconsin are both independent leg cantilever jackups. The rigs, and five other independent leg cantilever jackups, are all that is left of Pride's jackup fleet, following the recent spin-off of Seahawk Drilling, Pride's former mat-supported jackup business.