Houston-based driller Paragon Offshore said its Abu Dhabi customer has terminated a contract for one of its jack-up rigs that had been booked through early 2019.
In its November fleet status report, Paragon said a unit of Abu Dhabi National Oil Company (Adnoc) had sent a notice for early termination of the contract for jack-up Paragon M1162. The contract ended in late October, according to the report.
The
