Atwood Oceanics says that the Richmond's current contract with Helis Oil & Gas Company has been extended with an award of eight additional
wells to be drilled in the U.S. Gulf of Mexico. Helis and Atwood have
also agreed that the contract could be further extended by up to four wells subject to
reaching mutual agreement on dayrate.
After completing the
drilling of the current well in progress, the rig will now have ten firm
wells to drill for Helis, which could take until May/June 2007 to complete.
The operating dayrate for the current and next two wells (expected to be
completed in May 2006) will be $45,000; while the dayrate for the additional
eight wells will be $80,000.
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,