Diamond Enters LOI for Ocean Confidence

Diamond Offshore has entered into a Letter of Intent (LOI) to utilize the 5th generation rig Ocean Confidence in the Gulf of Mexico for a period of four years. Maximum total revenue provided for under the LOI would be approximately $730 million. The LOI is subject to customary conditions, including the execution of a definitive agreement.

Commencement of the contract is expected to take place subsequent to January 2008 following completion of the well being drilled for the current operator.

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.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
CDL Class A Driver
Expertise: Motorman|Truck / HGV Driver
Location: Midland, TX
 
Rig Mechanic Senior
Expertise: Rig Mechanic|Rig Welder
Location: Beggs, OK
 
Plug and Abandonment Rigger-Offshore
Expertise: Rig Instrument Tech
Location: Houma, LA
 
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours