#Mexico #Bermuda #Hamilton #Paratus Energy #Fontis

Paratus Energy Secures Clearance for Sale of Fontis Operations

Paratus Energy Services Ltd., listed on the Oslo Stock Exchange under the ticker PLSV, has made headlines with its recent announcement regarding the sale of its drilling operations and jack-up fleet associated with Fontis Energy. On July 17, 2026, the company confirmed that it received the necessary clearance from the Mexican Competition Authority, marking a significant step toward concluding the transaction that was initially disclosed on March 23, 2026.

This approval comes as a relief as the company navigates through the customary conditions that still need to be met before the deal can be fully consummated. The expected completion date for this sale is set for the third quarter of 2026, subsequent to the achievement of standard closing processes. Paratus Energy has assured stakeholders that updates will be shared as the situation progresses, reflecting their commitment to transparency and effective communication.

About Paratus Energy Services Ltd.

Paratus Energy Services Ltd. functions as an investment holding company overseeing a diverse group of energy services enterprises. The primary assets within the Paratus portfolio include its ownership stake in Fontis Energy—currently for sale—and a shared venture in Seagems, with a 50/50 joint interest.

Fontis Energy stands out in the industry as an offshore drilling company that operates a considerable fleet of five high-standard jack-up rigs positioned in Mexico. This operational capacity places Fontis at the forefront of energy services in offshore drilling, enhancing Paratus's market proposition.

In addition, Paratus maintains a partnership with Seagems, a distinguished subsea services provider boasting a fleet of six versatile pipe-laying support vessels operating mainly in Brazil. The strategic collaboration in Seagems complements Paratus's operational breadth, catering to a variety of subsea needs.

This recent clearance and the anticipated Transaction with Fontis Energy are expected to streamline Paratus's operations while positioning the company favorably in the dynamic energy sector. Stakeholders are keenly awaiting further developments as the company prepares for the closing of this transaction.

As the energy landscape evolves, Paratus Energy Services Ltd.'s initiatives reflect a proactive approach to optimizing its asset portfolio and maximizing value for its investors. The firm has expressed its dedication to navigating complexities in the market while ensuring that the sale process adheres to regulatory frameworks and operational standards.

In correspondence with interested parties, Baton Haxhimehmedi, Interim CEO and CFO, has been designated as the primary contact for inquiries regarding the ongoing developments. Shareholders and analysts eagerly anticipate how this sale will influence the broader strategic objectives of Paratus Energy going forward.

With the closure of the transaction slated for the third quarter of 2026, industry observers are hopeful for a successful transition that benefits both Paratus Energy and its Fontis subsidiary. The outcome of this strategically significant move may set the stage for future endeavors within the sector, demonstrating Paratus's ability to adapt to market demands while maintaining competitive momentum.