Aquadrill Announces Charter Hire Agreement for the Auriga

Source: www.gulfoilandgas.com 9/21/2021, Location: North America

Aquadrill LLC has entered into a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. (the “Manager”) to provide the Auriga for a one year drilling contract plus a one year mutually agreed option for operations in the US Gulf of Mexico. The charter hire agreement will be extended if the parties mutually agree to exercise the optional term.

The terms of the charter hire agreement are consistent with the current management services agreements in place between the Company and the Manager. Further, the resulting financial benefits are as if the Company had entered into the drilling contract directly.

Under the drilling contract associated with the charter hire agreement, the Auriga will be upgraded with managed pressure drilling capabilities.

The total contract value for the firm portion of the drilling contract is expected to be $94 million and commencement is expected in February 2022 following reactivation, upgrade, contract preparation and system integration testing.


Singapore >>  8/5/2022 - Keppel Corporation Limited (“KCL”) refers to:
a. the media release dated 3 March 2014 with respect to Keppel FELS Limited (“Keppel FELS”), a who...

United Arab Emirates >>  8/4/2022 - Abu Dhabi National Oil Company (ADNOC) announced today two contracts totalling more than $3.4 billion (AED12.6 billion) have been awarded to ADNOC Dri...

United States >>  8/1/2022 - Transocean Ltd. announced that the ultra-deepwater drillship, Deepwater Conqueror, has been awarded a two-year contract by a major operator for work i...
United Kingdom >>  7/29/2022 - Stena Drilling are pleased to announce that a new contract has been signed with Shell UK Ltd. for the mobile offshore drilling unit (MODU), Stena Don...

India >>  7/28/2022 - Shelf Drilling has received an award for a three-year contract for the C.E. Thornton jack-up rig with Oil and Natural Gas Corporation (ONGC) for opera...
Turkey >>  7/28/2022 - Trillion Energy International Inc. (“Trillion” or the “Company”) is pleased to announce the offshore jack up drilling rig “Uranus” contracted by the C...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.