Total Extends Drilling Contract for Pacific Scirocco Drillship

Drilling contractor Pacific Drilling S.A. has announced that Total S.A. has elected to exercise a one-year option to extend the firm contract term for the Pacific Scirocco to January 2015.

The contract provides for a further option, to be exercised at the client’s discretion by April 7, 2014, which could result in two additional years of contract term at a higher dayrate.

Related:  Pacific Scirocco Drillship Begins Work in Nigeria

The additional one year term increases the drillship’s backlog by approximately $180 million, bringing the company’s total contract backlog as of April 9, 2013, to approximately $3.4 billion. The additional extension for two years would add a further $364 million backlog if exercised.

The Pacific Scirocco is capable of operating in water depths of up to 12,000 feet and drilling wells 40,000 feet deep.

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Posted on April 10, 2013, in Drillship, MARINE VESSELS and tagged , , , , , , , , . Bookmark the permalink. Comments Off on Total Extends Drilling Contract for Pacific Scirocco Drillship.

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