Question-and-Answer Session
Operator
Thank you very much sir. I appreciate that and we will go to our Q&A session now. [Operator Instructions] Our very first question comes the line of Arun Jayaram of Credit Suisse. Please proceed.
Arun Jayaram - Credit Suisse
Good morning guys. Great results.
Jon A. Marshall - President and Chief Executive Officer
Thanks.
Arun Jayaram - Credit Suisse
Roger, we saw Transocean hit the $600,000 mark on the Pathfinder. In your opinion based on the demand patterns you're seeing, is there term work in your opinion available at this rate or higher?
Roger B. Hunt - Senior Vice President, Sales and Marketing
You know I think we will see more fixtures at that level. We already here talk of another? another fixture that is probably near announcement at or above that level. I don't really have a sense for whether it's a term fixture or not Arun.
Arun Jayaram - Credit Suisse
Okay. It is fair enough. Roger or John, can you update us on what is going on in Nigeria related to some of the permit issues and SEPA matters related to Panalpina?
James L. McCulloch - Senior Vice President and General Counsel
Yes. This is Jim McCulloch. I could address that briefly. We received an extension for one of our rigs in September and we've? I think we've probably worked out process we think it will be acceptable going forward or for that issue. There's a meeting next week. The Nigerian customs has called to discuss reforms to the TIP system, whether that is going to produce any results or not is difficult to see. Our investigation continues as I am sure the investigations of the other contractors as well, and we really have nothing we can comment on in respect of what we've found so far.
Arun Jayaram - Credit Suisse
But you don't expect any disruptions in operations, would that be correct?
James L. McCulloch - Senior Vice President and General Counsel
Yes, I think we feel much more comfortable about that now. I think we and probably the industry have found a way forward that seems to be acceptable to DOJ, and as long as the Nigerian Customs Service continues to work with us, I think that? I think we probably got that issue resolved.
Arun Jayaram - Credit Suisse
Okay. My final question, Roger, we are hearing that you are one of the finalists in the Saudi tender process, which is good news. If this is true, I was just wondering if you could comment on the process, which rigs you've bid and your opportunity set here?
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