Total Taps Diamond Offshore's Ocean Valiant for 2 Years

Ocean Valiant
(Click to Enlarge)

Diamond Offshore has signed a two-year contract with Total E&P Angola in Angola for the 4th generation semisubmersible Ocean Valiant that could earn maximum revenue, excluding mobilization fees, totaling approximately $452 million.

The contract is convertible into either a 2-1/2 year or a three-year agreement at the option of the operator at dayrates that could earn maximum total revenue, excluding mobilization fees, totaling between $552 million and $646 million.

Currently located in the Gulf of Mexico, the Ocean Valiant is an Ocean Odyssey-design semisubmersible built in 1988. Rated to work in water depths up to 5,000 feet, the rig can drill to depths of 30,000 feet.

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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Artificial Lift - Cable Technician
Expertise: Heavy Machinery Operator
Location: Midland
Technical Consultant - Enclosures
Expertise: Electrical Engineering|Mechanical Engineering
Location: Houston, TX
Construction Operator with CDL
Expertise: Heavy Machinery Operator|Laborer
Location: Sand Springs, OK
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours