Deepwater Pride South Pacific to Continue Operations Offshore West Africa


Pride South Pacific
(Click to Enlarge)

Pride International announced that its deepwater semisubmersible rig, Pride South Pacific, has been awarded a one year contract by a subsidiary of Noble Energy, Inc. for operations offshore Equatorial Guinea. The contract is expected to commence during the first quarter of 2010, in direct continuation of the rig's current contract commitment offshore West Africa and a scheduled shipyard program to be executed in Cape Town, South Africa. The one year contract duration could be extended by up to three months on the same terms and conditions following notification by the customer, which would be provided within the initial six months of the contract.

Revenues which could be generated over the firm one year contract duration are approximately $117.2 million, excluding revenues for mobilization, demobilization and client reimbursables.

The Pride South Pacific is one of eight deepwater semisubmersibles and drillships in the Pride International fleet. The rig, which completed a significant upgrade in 1998, utilizes a conventional chain and wire mooring system. The rig's current equipment configuration allows for operations in water depths of up to 5,000 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 www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Heavy Machinery Operator
Location: San Antonio, TX
 
Instrumentation & Electrical Project Estimator
Expertise: Electrician|Estimating|Project Management
Location: Spring, TX
 
Rockies Regional Instrumentation & Electrical Operations Manager
Expertise: Business Development|Electrician|Operations Management
Location: Durango, CO
 
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours