Gulf Oil and Gas accountACCOUNT

AOD Secures Two Jack-up Rigs Contracts for Aramco

Source: 3/13/2013, Location: Middle East

Share |
Asia Offshore Drilling Ltd (AOD) has signed drilling contracts whereby AOD's jack-up drilling rigs AOD II and AOD III will be leased to Saudi Aramco for operations offshore Saudi Arabia. The drilling contracts have been entered into and will be managed by Seadrill Management, on behalf of AOD.

The contract duration is a minimum of three years plus a one-year option. The potential revenues for the three-year period are approximately US$197 million per rig plus a mobilization fee of US$34 million per rig, which includes certain upgrades, other mobilization costs and day-rate during the mobilization period. AOD II and AOD III are currently under construction at Keppel FELS in Singapore with scheduled delivery dates of April and July 2013, respectively.

For more information about related Opportunities and Key Players visit Saudi Arabia Oil and Gas Projects

Rigs, Coring & Exploration >>

Rigs, Coring & Exploration News in Saudi Arabia >>

United Arab Emirates >>  2/18/2018 - On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas com...
Oman >>  2/15/2018 - Saipem has been awarded a new contract in the onshore E&C sector worth approximately USD 750 million. Work involves engineering, procurement, construc...

Kuwait >>  2/13/2018 - EQUATE Group, a global producer of petrochemicals, proudly announces that 34 Kuwaiti operations technologists have joined the company’s growing team o...
Saudi Arabia >>  2/12/2018 - Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of ...

United Arab Emirates >>  2/7/2018 - A US $3.1 billion project to introduce crude processing flexibility, at the Abu Dhabi National Oil Company (ADNOC) owned Ruwais oil refinery, was anno...
United Arab Emirates >>  1/31/2018 - His Excellency Dr Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, has held a series of meetings with government and corporate leaders in B...

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

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

Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

More News


Oil & Gas Companies in Saudi Arabia >>

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.