Pacific Drilling Extends Option to Build Eighth Drillship (South Korea)

Pacific Drilling S.A. announced today that one of its subsidiaries has reached an agreement with Samsung Heavy Industries to extend, until December 15, 2012, its existing option to construct an eighth ultra-deepwater drillship, on substantially the same commercial terms, with delivery scheduled for the first quarter of 2015.

Pacific Drilling is  a growing offshore drilling company that provides global drilling services to the oil and natural gas industry through the use of ultra-deepwater drillships. Pacific Drilling’s fleet of six ultra-deepwater drillships will represent one of the youngest and most technologically advanced fleets in the world. The company currently operates four recently delivered drillships and has two additional drillships on order at Samsung.

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Source: Pacific Drilling, September 19, 2012