Diamond Offshore Announces New Floater Commitments

Source: www.gulfoilandgas.com 2/8/2024, Location: Europe

Diamond Offshore Drilling, Inc. (NYSE: DO) announced that it has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024 in direct continuation of the rig’s current contract. This contract extension represents approximately $350 million dollars of additional backlog.

Additionally, the Company has entered into a drilling contract with Serica Energy (UK) Limited to utilize the Ocean Patriot for two plug and abandonment (P&A) wells in the U.K. North Sea. The program is estimated to commence in March 2024 and to continue for approximately 60 days. The contract represents over $10 million of additional backlog, excluding mobilization.

Bernie Wolford, Jr., President and Chief Executive Officer, commented, “These awards reflect the continuing strength of the drillship market and the improving moored floater market in the U.K. North Sea while highlighting the exceptional work of our crews across these regions.”


Australia >>  4/18/2024 - Highlights
• Triangle has contracted the Ventia 106 rig to drill the Booth-1 well in Permit L7 in the North Perth Basin
• The Booth Prospec...

Australia >>  4/18/2024 - The Ventia 106 rig is signed up, all necessary approvals are obtained, and the Booth-1 well will commence drilling operations in late June 2024. This...

Mongolia >>  4/18/2024 - Sandvik has received an order from Mongolyn Alt MAK LLC to supply electric rotary drill rigs for use at the Tsagaan Suvarga Project in Mongolia. The o...
Singapore >>  4/18/2024 - MHWirth AS ("MHW") has received an arbitration award issued by a tribunal under the rules of the Singapore International Arbitration Centre (SIAC) in ...

Germany >>  4/16/2024 - Beacon Energy (AIM:BCE), the full-cycle oil and gas company with a portfolio of onshore German assets through its wholly-owned subsidiary, Rhein Petro...
United Kingdom >>  4/16/2024 - ONE-Dyas has signed an agreement with Borr Drilling for a minimum of 150 days, with 15 March 2024 as commencement date, for drilling and decommissioni...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.