Parker Drilling receives contract for barge drilling rig from Chevron

Offshore staff

HOUSTONParker Drilling Co. (NYSE: PKD) has contracted its barge drilling rig, Rig 55B, which is being introduced to the company's fleet to bring additional capabilities to the Gulf of Mexico barge market. The rig has been contracted to Chevron USA Inc.

Chevron will utilize the rig for four wells, for an expected term of 120 days at a dayrate of $50,300. The contract is expected to begin 2Q 2014.

03/24/2014

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