Pacific Extends Pacific Scirocco for 1 Year

Source: www.gulfoilandgas.com 4/9/2013, Location: Africa

Pacific Drilling S.A announced that a subsidiary of Total S.A. has elected to exercise a one-year option to extend the firm contract term for the Pacific Scirocco to January 2015. The contract provides for a further option, to be exercised at the client’s discretion by April 7, 2014, which could result in two additional years of contract term at a higher dayrate. The additional one year term increases the drillship’s backlog by approximately $180 million, bringing the company’s total contract backlog as of April 9, 2013, to approximately $3.4 billion. The additional extension for two years would add a further $364 million backlog if exercised. The Pacific Scirocco is capable of operating in water depths of up to 12,000 feet and drilling wells 40,000 feet deep.

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

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