Insurance proceeds pay down Parker debt

摘要

Financially troubled Parker Drilling,owner of two offshore rigs damaged in separate incidents late last year,said Feb 3 it has used insurance proceeds from the workover barge rig 18-B to retire part of its debt.Parker,whose main business is global land contract drilling,has sent the other unit,jackup rig 14-J,to a shipyard for a repair estimate to determine if the rig can be salvaged or is "a total loss." company CFO James Whalen told analysts in a conference call.