The jack-up Gorilla IV landed an extension with Arena Energy for 300 days starting in mid-December. The new arrangement will keep the unit on hire through October 2017 at a dayrate of $65,000.
The US minnow also penned a three-month deal for the jack-up EXL III at a rate of $55,000 per day.
"Jack-up programs are less expensive and quicker to initiate than deep-water projects, which supports our belief that jack-up activity will strengthen in the coming months, especially in mature basins not requiring investment and new infrastructure," executive vice president Mark Keller told investors on a conference call.
"Currently,
