PGN Profile — Paragon Offshore plc
Paragon Offshore is a global provider of offshore drilling rigs. Co.'s offshore drilling rigs, as of Dec 31 2014, included 34 jackups, and six floaters (four drillships and two semisubmersibles). Co. refers to its semisubmersibles and drillships collectively as floaters. Co.'s primary business is to contract its rigs, related equipment and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a dayrate basis around the world. Co. operates in significant hydrocarbon-producing geographies throughout the world, including Mexico, Brazil, the North Sea, West Africa, the Middle East, India and Southeast Asia.