Paragon Offshore
Oil and GasTexas, United States201-500 Employees
Paragon Offshore, based in Houston, Texas, provides offshore drilling capacity to the oil and gas sector. Its fleet comprises 32 jackups and six floating rigs, including four drillships and two semisubmersibles, enabling offshore exploration and development. The company also holds a majority stake in Prospector Offshore Drilling S.A., which owns two high-specification jackups, and it operates on the Hibernia Platform offshore Eastern Canada. Through operations in major hydrocarbon regions around the world, Paragon serves clients in Mexico, Brazil, the North Sea, West Africa, the Middle East, India, and Southeast Asia. Paragon employs a global workforce of more than 3,000 professionals and emphasizes safety standards alongside dependable execution for its clients and shareholders. In February 2018, Paragon Offshore plc was acquired by Borr Drilling Ltd., reflecting consolidation in the offshore drilling sector.