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Paratus Energy completes sale of Fontis drilling operations for USD 163 million cash, USD 237 million seller credit

PUBT·07/29/2026 05:05:11
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Paratus Energy completes sale of Fontis drilling operations for USD 163 million cash, USD 237 million seller credit
  • Paratus Energy completed the sale of Fontis’ drilling operations and jack-up fleet, satisfying all remaining closing conditions.
  • Received about USD 163 million in cash consideration.
  • Received a USD 237 million 2.5-year seller credit; interest set at 10% in year one, 12% in months 13-18, 14% thereafter.
  • Collected an additional USD 20 million reimbursement tied to interim funding for Fontis’ Mexican operations between signing and closing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paratus Energy Services Ltd. published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.