Aramco extends two jackup contracts

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

AOD I jackup drilling rig
AOD I jackup drilling rig

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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