Empeiria Acquisition Corp. and its wholly owned subsidiary, Integrated Drilling Equipment Company Holdings, LLC (IDE) announced it has been awarded contracts by PEMEX Exploration and Production to deliver four modular offshore platform rig packages with an aggregate contract value in excess of USD 350 million. Delivery of the first unit is scheduled in the third quarter 2014, with the additional units to be delivered by December 2014.

The specifications were developed through close collaboration of the IDE and PEMEX teams. Deployment of the drilling packages will be key steps toward the development of the Tekel, Ayastil, Xux and Tsimin fields in the Bay of Campeche.