The jack-up is currently under a three-year contract signed last year with Petronas, however Perisai said a deal had been agreed for Hess to use the rig for a nine month period, from 23 September, with an option for a one-month extension.
Perisai said the contract value for the firm nine-month period with Hess was roughly $26.9 million.
Following the completion of the rig farm-out agreement the Perisai Pacific 101, which is managed by Hercules Offshore, will return to carrying out drilling operations for Petronas.
The jack-up was built at PPL Shipyard in Singapore and is capable of operating in water depths of up to 400 feet and drilling to a depth of 30,000 feet.
