Overview of Paragon Offshore Business Overview Worldwide Offshore Presence North Sea Offshore contract drilling services provider Semis: 1 Jackups: 9 Canada Hibernia Spin-off from Noble Corporation completed Platform…
Paragons Accomplishments Generated 438 MM of EBITDA & 291 MM of Cash in 3Q14 and 4Q14 Added 454 MM of Backlog on Standard Specification Rigs since the Spin-off Acquired Prospector Offshore, adding of Backlog on354 MM Two New…
Paragons Strategy Deliver reliable, safe, cost-efficient operations Match our assets to customers in fit-for-purpose applications while maintaining industry-leading utilization Manage our costs to preserve flexibility in changing…
Prospector Transaction Closed Concluded acquisition of all remaining shares February 23, 2015; Purchased PROS shares with existing cash and Revolver (no additional equity) PROS has been delisted from the Oslo Brs Prospector Bondholders…
Paragons Contract Coverage April 2015 Fleet Status Jackup Floater Prospector 2015 2016 2017 Rig Name Region J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D L1112 (NEH) India M1161 (NCY) Arabian Gulf L786 (NKD)…
2.0 Billion of Backlog Including Prospector as of 02/28/15 in millions Backlog by Customer as of 02/28/15 800 Gaz de Other, France, Wintershall, 11% 4% 4% Nexen, 4% Petrobras 602 35% 600 ADMA- OPCO, 5% Pemex, 6% Total,…
Industry-Leading Safety and Quality Performance Commitment to Safety and Quality Strong Safety Record Customers recognize our commitment to safety and performance 1.00 2014 Paragon TRIR1 25% lower than 0.81 International Association…
Newbuild Jackup Orders According to IHS May 5, 2015 129 Anticipated Jackup Deliveries 160 129 9 10 120 110 66 80 None built 31 40 in China 13 0 Total Newbuilds to be Contracted Rigs Rigs on Order/ Rigs Under China Singapore…
Number and Status of Jackup Rigs in Service In- Service Before 2000 Number of Units by Type Independent Cantilevers 316 Total Mat and Slot Rigs 300 30 255 10 2 250 Concentrated 14 ownership (HERO 21 200 owns 20 of 30 mat…
Paragons Standard Specification Activity at a Glance Split by Rig Activity Rigs surveyed in January 100% 6 3 2015; results reflect most 13 14 20 27 80% 31 50 41 recent 10 well activities 30 60% 46 65 40% 68 Significant workover…
Newbuild Floater Orders According to IHS May 5, 2015 86 Anticipated Floater Deliveries 120 54 Ships, 32 Semis 86 44 7 rigs cancelled by 80 EAS in Brazil 15 40 27 13 11 3 0 Total Newbuilds Contracted Rigs Rigs on Order- Rigs…
PeopleA Key Ingredient for Success and an Advantage for Paragon With 129 jackups and 86 floaters under construction, the industry needs to add a significant number of people to crew these units At an average of 100 people per rig, we…
2015 Priorities for Paragon Continue Safe, Reliable, Efficient Operations Control and Reduce Costs Stack idle rigs without long-term prospects quickly to lower operating and capital costs Target 10% reduction in G&A and shorebase cost…
Why Paragon Offshore Significant Scale, Size, and Expertise High Quality, Low Cost Drilling Contractor Strong Backlog and Established Diverse Customer Base Well-Maintained Workhorse Fleet of Rigs Opportunistic…
NYSE Listed: PGN 3151 Briarpark Drive Houston, TX 77042 832.783.4000 For additional information, contact: Lee M. Ahlstrom SVP-Investor Relations, Strategy & Planning lahlstromparagonoffshore.com www.paragonoffshore.com
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4Q14 Adjusted Net Income (Non-GAAP) to Net Income (GAAP) PARAGON OFFSHORE PLC RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In thousands, except per share amounts) (Unaudited) The following tables sets forth the…
4Q14 As Adjusted Measures (Non-GAAP) to As Reported Measures (GAAP) (In thousands, except operating statistics) (Unaudited) As Reported Rigs Retained or Sold by Noble As Adjusted Three Months Ended Three Months Ended Three Months…
4Q14 As Reported and As Adjusted Operational Information PARAGON OFFSHORE PLC OPERATIONAL INFORMATION (In thousands, except operating statistics) (Unaudited) As Reported Rigs Retained or Sold by Noble As Adjusted Three Months…
December 31, 2014 Summary Balance Sheet Assets (in thousands) Cash 69,274 Total Current Assets 713,294 PPE, Net 2,410,360 Other Assets 129,735 Total Assets 3,253,389 Liabilities and Equity Total Current Liabilities…
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