Sources said the possible charter would see the unit moved to an unnamed project off Denmark for five years, starting next year.

They suggested the dayrate for the unit could be close to $80,000, well below the market levels that were being secured when the oil price was above $100 per barrel.The charter agreement, assuming it is signed, will likely obligate DSIC Offshore to deliver the jack-up early next year, sources said.

CBI-MMEER