Saudi Aramco negotiated a 3-year contract extension with Asia Offshore Drilling Ltd. (AOD) for the AOD I and AOD II jack up drilling rigs. Those contracts were due to expire in June 2019 and July 2019, respectively.
The rigs have worked for Aramco since 2013, AOD said. Seadrill Ltd. owns 66% of AOD and manages its jack ups.
AOD’s third jack up, AOD III, also continues to work with Aramco as a result of a contract extension. An initial 3-year contract for the AOD III, due to expire in October, was extended until Dec. 31.
Aramco maintains an active offshore program in the Persian Gulf.