Aquadrill Announces Contract Award for the T-15

Source: www.gulfoilandgas.com 2/15/2023, Location: Asia

Aquadrill LLC ("Aquadrill” or the “Company") and a subsidiary of Energy Drilling Management have reached an agreement to provide the T-15, a tender assisted drilling barge, for a firm 8.5 month contract plus a priced optional period of up to three weeks for operations in Thailand.

The total contract value of the firm portion of the contact is expected to be approximately $19.5 million and work is expected to commence in April 2023, following the T-15’s current contract. If the full three week optional period is exercised, the additional total contract value is expected to be approximately $1.6 million.


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