BRIEF-Paratus Announces Early Termination Of Drilling Contracts For Courageous And Intrepid
ReutersMar 3, 2025 6:37 AM
March 3 (Reuters) - Paratus Energy Services Ltd PLSV.OL:
PARATUS ANNOUNCES CONTRACT UPDATE FOR COURAGEOUS AND INTREPID
EARLY TERMINATION OF DRILLING CONTRACTS FOR COURAGEOUS AND INTREPID
BACKLOG REDUCTION LIMITED TO $39 MILLION, 3% OF OVERALL $1.2BN BACKLOG
NO IMPACT ON 2025 FINANCIAL GUIDANCE OR ONGOING SHARE BUYBACK PROGRAM
REASONS CITED FOR EARLY TERMINATION INCLUDES UNFAVORABLE CONTRACT TERMS AND ECONOMIC CONSIDERATIONS
Source text: ID:nWkr7K9kZN
Further company coverage: PLSV.OL
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