Houston-based offshore drilling contractor, Atwood Oceanics, announced today that one of its subsidiaries has been awarded a drilling services contract by a subsidiary of Noble Energy Inc. for the Atwood Hunter. This contract includes three firm wells with a minimum total duration of 150 days plus one option well.
The first well will be in a tax-free location in Cameroon at a dayrate of approximately $364,000, while the second and third wells will be in Equatorial Guinea at a dayrate of approximately $388,000. One priced option well has been provided which will be located in either Equatorial Guinea or Cameroon; this option well will be at the applicable rate and must be exercised prior to the spud of the second well. If the total program, inclusive of the option well, exceeds 155 days, then beginning on the 156th day the dayrate will increase to approximately $408,000 plus applicable corporate income tax.
Contract commencement is expected in December 2012 in direct continuation of an estimated 30-day period dockside in Ghana to perform regulatory survey work and general maintenance activities. With the award of this contract, the firm contractual commitment for the Atwood Hunter is expected to extend through April 2013.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,959 members that receive our newsletter.
Have a news tip? Let us know.
April 19 (Reuters) – A New York state agency on Friday said it had failed to reach final contract agreements with the developers of three major offshore wind projects, blaming a decision by General...
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,959 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
