Gulf Oil and Gas accountACCOUNT

Anadarko Contracts Two New Diamond Drillships

Source: www.gulfoilandgas.com 5/17/2011, Location: North America

Diamond Offshore Drilling, Inc. announced that a subsidiary of the Company has entered into two term drilling contracts with Anadarko Petroleum Corporation. The contracts, which will utilize Diamond Offshore's two new-build drillships now on order, are expected to generate combined maximum total revenue of approximately $1.8 billion and represent 10 years of contract drilling backlog. In addition, Anadarko and Diamond have mutually agreed to dismiss all claims related to the Ocean Monarch. The dynamically positioned, ultra-deepwater drillships, Ocean BlackHawk and Ocean BlackHornet, are each contracted for five years commencing in late 2013 and early 2014, respectively. As previously reported, Hyundai Heavy Industries Co., Ltd. is currently preparing to commence construction of the two drillships at its South Korean shipyard.

Diamond Offshore President and Chief Executive Officer Larry Dickerson said: "We are pleased to place our newest rigs under contract with Anadarko, with whom we have had a successful long-term relationship. We look forward to contributing to Anadarko's exploration and development efforts, working to bring to market energy resources for the world's increasing demand. A first class customer, two state of the art rigs and Diamond Offshore's high operational standards are all part of a formula for success." Diamond Offshore provides contract drilling services to the energy industry around the globe and is a leader in deepwater drilling.

Maximum contract revenue as stated above assumes 100% rig utilization. Generally, rig utilization rates approach 95-98% during contracted periods; however, utilization rates can be adversely impacted by additional downtime due to unscheduled repairs and maintenance.

Rigs >>

Rigs News in United States >>

Azerbaijan >>  4/16/2019 - Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company) has been awarded its first contract, which is with BP Exploration (Caspi...
Mongolia >>  4/16/2019 - Petro Matad Limited has signed contracts for two rigs for its upcoming 2019 four well drilling programme. ...

United Kingdom >>  4/15/2019 - Equinor has extended the Floatel Superior charter at the Martin Linge Field Development in the Norwegian sector of the North Sea with four months unti...
Norway >>  4/11/2019 - MHWirth, a company owned by Akastor ASA, signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid water semisub...

Scotland >>  4/9/2019 - Well-Safe Solutions has agreed to acquire the Ocean Guardian semi-submersible drilling unit sparking another jobs boost for the company. The asset, cu...
United Kingdom >>  4/9/2019 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to provide the following operational update for the...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 |

More News

Related Links

CA US
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.