Pacific Drilling extends option to build ultradeepwater drillship

A subsidiary of drilling contractor Pacific Drilling SA, Luxembourg, negotiated an agreement with Samsung Heavy Industries of South Korea to extend until Dec. 15 an option to construct an eighth ultradeepwater drillship.

The extension maintained substantially the same terms as the previous agreement with drillship delivery scheduled for first-quarter 2015.

Pacific Drilling currently operates four recently delivered drillships under customer contract and has three drillships under construction at Samsung, one of which is under customer contract.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...