Aramco extends two jackup contracts

July 29, 2016
Saudi Aramco has extended contracts for Asia Offshore Drilling’s jackups AOD I and AOD II until June and July 2019, respectively.

Offshore staff

BANGKOK, ThailandSaudi Aramco has extended contracts for Asia Offshore Drilling’s jackups AOD IandAOD II until June and July 2019, respectively.

The extensions will add $225 million to the value of the current contracts.

Both rigs have been working for Saudi Aramco since 2013.

TheAOD III’s initial three-year contract with Aramco is due to expire in October: negotiations over an extension continue.

Asia Offshore Drilling is a venture between Mermaid (33.76%) andSeadrill (66.24%).

07/29/2016

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