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    Chiles acquires jack-up Tonala

    News // July 27, 2001
    Chiles Offshore announced on 25 July that it had completed the acquisition of the ultra-premium jack-up rig Tonala from Perforadora Central de CV in Mexico.

    Under the terms of the purchase agreement Chiles Offshore issued 2,679,723 shares of common stock and assumed $58.8 million of aggregate principal amountof debt incurred by Perforadora Central to construct the Tonala.

    The Tonala is an ultra-premium jack-up of the LeTourneau Super 116 design and was delivered and commissioned in April 2000. Since that time, Chiles Offshore has operated the Tonala under a bareboat charter with Perforadora Central. The Tonala will be renamed the Chiles Coronado.

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