Sevan Drilling says the delivery date for the Sevan Developer (UDW floater) has been pushed back due to delays in subsea vendor equipment. Delivery is now expected at the end of the third quarter or beginning of the fourth quarter of 2014. Full commissioning of the unit is not expected to happen until the end of September. Construction is approximately 89 percent complete. The drill floor and living quarters have been completed and the power system has been commissioned. Currently, the rig does not have a contract.

Prospector Offshore is currently pursuing several traditional bank and market-based financing alternatives in order to take delivery of the Prospector 5 and Prospector 6 newbuilds. Both of which are scheduled for delivery in 2014. The Prospector 1 is not on contract yet. However, it is expected to start during 1Q2014 and Prospector 5 is expected to go on rate during 3Q2015. To date, the three remaining jackups in the fleet remain uncontracted. Prospector has said that North Sea E&P companies are now tendering for 2015 and 2016 requirements which fit well with the current delivery schedule of their remaining newbuilds.