Pacific Scirocco receives one-year contract extension

Offshore staff

LUXEMBOURG – Pacific Drilling S.A. (NYSE: PACD) announced 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 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 day rate. The additional one-year term increases the drillship’s backlog by about $180 million.

The Pacific Scirocco is capable of operating in water depths of up to 12,000 ft (3,658 m) and drilling wells 40,000 ft (12,192 m) deep.

4/10/2013

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