Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Total Extends Rig Gig for Pacific Scirocco

change text size

Pacific Drilling S.A. announced Tuesday 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 (UDW drillship) 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.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Most Popular Articles
From the Career Center
Jobs that may interest you
Senior Reliability, Maintenance, and Asset Integrity Engineer
Expertise: Maintenance Engineer, Reliability Engineer
Location: Anchorage, AK
 
Mechanic
Expertise: Mechanic
Location: El Reno, OK
 
Design Engineer/ R&D
Expertise: Design Engineer
Location: Houston, TX
 
search for more jobs