The rig, presently idle in the Canary Islands, is booked from mid-March to mid-July 2015 at a day rate of $320,000.
Despite the contract win, Cowen & Co said the timeframe underscored the softness of the current rig market.
"While the rate is slightly higher than we expected, the short-term nature of the contract (two wells over five months) mutes our excitement," an analyst wrote in a note.
The
