Atwood Oceanics announces contract extension for the Atwood Orca
Published by David Bizley,
Senior Editor
Oilfield Technology,
Atwood Oceanics, Inc. has announced that one of its subsidiaries has agreed to a four month extension on the jackup rig Atwood Orca with Mubadala Petroleum for drilling operations offshore Thailand.
The new contract is at an undisclosed day rate that is higher than the current day rate, and it includes two four-month options that are priced at successively higher day rates than the new firm day rate.
As a result of this contract, the expected earliest availability of the Atwood Orca is August 2018, assuming no options are exercised. If both options were to be exercised, the drilling programme would be expected to extend until approximately April 2019.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/22092017/atwood-oceanics-announces-contract-extension-for-the-atwood-orca/
You might also like
Mantl-Core and the moment hazardous area inspection finally changed
Every so often, an industry reaches a point where it becomes clear that the old way of working is no longer enough. Not because people lack competence or commitment, but because the tools have failed to evolve at the same pace as the responsibility placed upon them. For hazardous area inspection, that moment is now!