Pacific Drilling has started 2017 on a sour note with a first quarter loss of just under $100m, figures released by the company show.
The Idan Ofer-led drilling company said revenue for the first quarter was $105.5m, a year-on-year decline of over 48%.
The decrease in revenues was attributed to the Pacific Scirocco being offhire throughout the first-quarter and the Pacific Santa Ana completing its contract in January 2017.
