Diamond Offshore Drilling, Inc. today announced an agreement with Hyundai Heavy Industries Co., Ltd. to build a new Moss CS60E design harsh environment semisubmersible drilling rig.
Projected capital cost of the unit including spares, commissioning and shipyard supervision is approximately $755 million.
The company also announced that a three-year drilling contract has been entered into with a subsidiary of BP plc to utilize the rig for initial operations off the coast of South Australia.
“ We are pleased to have been selected by BP for this important work ,” commented Larry Dickerson, Diamond Offshore’s CEO. “ Our Company, and its predecessors, have been continuously active in Australia since 1982, drilling over 600 wells; far more than any other drilling contractor. We believe that this market-leading experience should enable Diamond Offshore to play a key role in our customer’s exploration efforts and we look forward to this opportunity .”
The 10,000’ dynamically positioned rig is expected to be delivered after November 2015.
[mappress]
Press Release, May 29, 2013