The Ocean Ambassador, which can operate in up to 1100 feet of water, is due to start work in the first quarter of 2014 at a day rate of $211,445 following mobilisation work due to start in September.

The contract is through the first quarter of 2016.

Pemex has been working for years to exploit finds in deeper waters and this year has found a string of successes in the Perdido fold-belt.

The