Pacific Drilling hit by Nigerian currency plunge

Drilling company Pacific Drilling took an exchange rate hit of USD 2.9 million in the second quarter, which nevertheless ended positive due to a one-off income. A continued focus on costs also impacted the result.

BY JOHANNES HARTKOPF-MIKKELSEN

The Nigerian government's decision to send the country's currency, the naira, into free fall has triggered one-off losses for Pacific Drilling, to the second-quarter interim report from the company, which has seven drilling vessels in its fleet.

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