Paratus Announces Contract Award for the Titania Jack-Up
Hamilton, Bermuda, February 1, 2024 - Paratus Energy Services Ltd. (“Paratus” or the “Company”) is pleased to announce that SeaMex Holdings Ltd. and related subsidiaries (“SeaMex Group”) has secured a one-year contract for the Titania jack-up in Mexico. The new contract will contribute approximately $55 million in backlog and is expected to commence around mid-February 2024. As previously disclosed, the Titania has remained operating under its existing contract beyond its early termination date of March 16, 2023 pursuant to a well completion clause under the agreement. The Titania will