Total to Extend Contract for Drillship ‘Pacific Scirocco’

Total to Extend Contract for Drillship 'Pacific Scirocco'

Pacific Drilling S.A. announced yesterday that a subsidiary of 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. 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.

Pacific Drilling, April 10, 2013

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2016 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

CLIA Cruise360 – A Panoramic View to Cruising

Developed and hosted by Cruise Lines International Association (CLIA), Cruise360 offers a truly panoramic view of the cruise industry…

read more >

Breakbulk Europe 2016

Breakbulk Europe’s targeted programming will ensure that you develop skills and strategy to help you do your job more effectively.

New this year, will be several micro-seminars that will take place in the exhibit hall during the exhibition. And we’ll hold a series of conference sessions, featuring VIP shippers and others, over the course of the two-day exhibition.

Visit the Breakbulk Europe Exhibition, a four-day event being held at the Antwerp Expo in Antwerp, Belgium, to network and connect with over 350 exhibitors and sponsors that provide specialized services. Exhibitors and sponsors include specialized ocean carriers, freight forwarders, ports/ terminals, logistics providers, ground transportation, heavy air, export packers, equipment companies and more.

  • Over 7,200 participants attended Breakbulk Europe 2015
  • Meet with over 350 international exhibitors and sponsors
  • Hear from industry experts during the conference sessions
  • Learn new skills in the educational workshops

More info

read more >

8th Annual: UK Ports Conference 2016

Now in its 8th year, the UK Annual Ports Conference has been expanded for 2016 into a two-day programme, with the option of booking…

read more >

5th Black Sea Ports and Shipping 2016

A two days Conference Programme will feature 30 world-class conference speakers addressing topical issues and challenges covering global…

read more >