Insights

Market Presence Paragon Offshore operates a substantial fleet of 38 offshore drilling units, including jackups, drillships, and semisubmersibles, with operations spanning globally across key hydrocarbon-producing regions such as Mexico, Brazil, North Sea, West Africa, Middle East, India, and Southeast Asia, presenting numerous opportunities to offer maintenance, upgrade services, or equipment supplies tailored to diverse offshore environments.

Industry Position As a leading provider in offshore drilling and majority owner of Prospector Offshore Drilling, Paragon is well-positioned within the competitive landscape, which includes large players like Seadrill and Nabors Industries, indicating potential avenues for strategic partnerships, joint ventures, or service enhancements to strengthen market share.

Growth & Acquisition Recent acquisition activity, notably Borr Drilling Ltd.'s purchase of Paragon for $233 million, suggests a consolidation trend in the offshore rig sector, implying opportunities to introduce value-added services during integration processes or to engage potential buyers with tailored solutions that support transition and operational efficiency.

Technology & Operations Paragon's adoption of advanced technology tools like Microsoft 365, Google Analytics, and New Relic demonstrates a focus on operational reliability and safety, providing prospects for offering digital transformation solutions, remote monitoring systems, or data analytics packages to optimize drilling performance and safety standards.

Financial & Contracts With annual revenues ranging from $100 million to $250 million and a sizeable global workforce, there is potential to develop flexible service contracts or customized equipment leasing options that cater to the company's scale, supporting cost efficiency and operational scalability in a competitive industry environment.

Paragon Offshore Tech Stack

Paragon Offshore uses 8 technology products and services including Microsoft 365, FancyBox, DocuSign, and more. Explore Paragon Offshore's tech stack below.

  • Microsoft 365
    Email
  • FancyBox
    Javascript Libraries
  • DocuSign
    Miscellaneous
  • Debian
    Operating Systems
  • New Relic
    Real User Monitoring
  • Google Analytics
    Web Analytics
  • Microsoft ASP.NET
    Web Frameworks
  • ShareThis
    Widgets

Paragon Offshore's Email Address Formats

Paragon Offshore uses at least 1 format(s):
Paragon Offshore Email FormatsExamplePercentage
First.Last@paragonoffshore.comJohn.Doe@paragonoffshore.com
59%
FLast@paragonoffshore.comJDoe@paragonoffshore.com
32%
FirstLast@paragonoffshore.comJohnDoe@paragonoffshore.com
5%
Last_First@paragonoffshore.comDoe_John@paragonoffshore.com
4%

Frequently Asked Questions

Where is Paragon Offshore's headquarters located?

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Paragon Offshore's main headquarters is located at 3151 Briarpark Drive, Suite 700 Houston, TX 77042, US. The company has employees across 6 continents, including North AmericaEuropeSouth America.

What is Paragon Offshore's phone number?

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You can contact Paragon Offshore's main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is Paragon Offshore's official website and social media links?

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Paragon Offshore's official website is paragonoffshore.com and has social profiles on LinkedIn.

How much revenue does Paragon Offshore generate?

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As of October 2025, Paragon Offshore's annual revenue is estimated to be $5B.

What is Paragon Offshore's SIC code NAICS code?

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Paragon Offshore's SIC code is 1381 - Drilling Oil and Gas Wells NAICS code is 211 - Oil and Gas Extraction.

How many employees does Paragon Offshore have currently?

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As of October 2025, Paragon Offshore has approximately 1K employees across 6 continents, including North AmericaEuropeSouth America. Key team members include Chief Executive Officer: R. S.Chief Cook: D. M. K.Chief Mechanic: B. B.. Explore Paragon Offshore's employee directory with LeadIQ.

What industry does Paragon Offshore belong to?

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Paragon Offshore operates in the Oil and Gas industry.

What technology does Paragon Offshore use?

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Paragon Offshore's tech stack includes Microsoft 365FancyBoxDocuSignDebianNew RelicGoogle AnalyticsMicrosoft ASP.NETShareThis.

What is Paragon Offshore's email format?

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Paragon Offshore's email format typically follows the pattern of First.Last@paragonoffshore.com. Find more Paragon Offshore email formats with LeadIQ.

When was Paragon Offshore founded?

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Paragon Offshore was founded in 2014.
Paragon Offshore

Paragon Offshore

Oil and GasUnited States1001-5000 Employees

Paragon Offshore is a leading provider of standard specification offshore drilling units serving the oil and gas industry. Our fleet consists of 32 jackups and six floaters (four drillships and two semisubmersibles). In addition, Paragon is the majority shareholder of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company on the Oslo Axess stock exchange that owns and operates two high specification jackups. Paragon also performs drilling operations on the Hibernia Platform offshore Eastern Canada. We operate in significant hydrocarbon-producing geographies throughout the world, including Mexico, Brazil, the North Sea, West Africa, the Middle East, India and Southeast Asia. Paragon's shares to be traded on the New York Stock Exchange under the symbol ‘PGN.’ 

Paragon Offshore is a global team of more than 3,000 professionals across the world. We have one goal: to maintain exceptional safety standards and deliver the most reliable performance in the industry for our clients and shareholders. - See more at: http://www.paragonoffshore.com/careers/default.aspx

Section iconCompany Overview

Headquarters
3151 Briarpark Drive, Suite 700 Houston, TX 77042, US
Phone number
SIC Code
1381 - Drilling Oil and Gas Wells
NAICS Code
211 - Oil and Gas Extraction
Founded
2014
Employees
1001-5000

Section iconFunding & Financials

  • $100M$250M

    Paragon Offshore's revenue is estimated to be in the range of $100M$250M

Section iconFunding & Financials

  • $100M$250M

    Paragon Offshore's revenue is estimated to be in the range of $100M$250M

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