The contract is to start during second quarter 2008.
Before then, the rig will undergo a 270-day shipyard program and then be moved from the
The contract value includes a performance bonus option of as much as 15%, but it excludes revenues for mobilization, demobilization, and reimbursables. The contract also includes an operating cost escalation provision.
Currently the Pride Mexico rig is mobilizing to a shipyard in
PIN/OGJ.COM
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