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>

<< Apr 2015 >>
MTWTFSS
30 31 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 1 2 3

INAMARINE 2015

INAMARINE will continue to be the Indonesia’s largest marketplace for maritime industry…

read more >

Ice Class Vessels

Many kinds of Vessel operate near the poles, all of which are exposed to a number of unique demands…

read more >

Subsea Vessels Europe

Subsea Vessels Europe is an expert annual briefing on global subsea vessel opportunities, technical developments and operational best…

read more >

Future Conference: Wind & Maritime

The “Future Conference; Wind & Maritime” from 6 to 7 May 2015 in Rostock offers a compact overview of current challenges, market and…

read more >