The figure ballooned to $27.6 million from $13.1 million a year earlier despite a more than fourfold increase in revenue for the period to $9.9 million, largely comprising dayrate earnings from the French operator for the rig Prospector 1.
However, Prospector racked up operating costs of $28.7 million, versus $7.1 million a year ago, mainly due to labour and other operational expenses on the unit that was delivered late last year.
The
