Diamond Drilling orders new semi for BP work offshore South Australia

Diamond Offshore Drilling Inc. (NYSE:DO) has agreed with Hyundai Heavy Industries Co. Ltd. to build a new Moss CS60E design harsh environment semisubmersible drilling rig.

Offshore staff

HOUSTON – Diamond Offshore Drilling Inc. (NYSE:DO) has agreed with Hyundai Heavy Industries Co. Ltd. to build a new Moss CS60E design harsh environment semisubmersible drilling rig.

The 10,000-ft water depth capable, dynamically positioned rig is expected to be delivered after November 2015. Projected capital cost of the unit including spares, commissioning, and shipyard supervision is approximately $755 million.

Diamond also has signed a three-year contract with BP (NYSE:BP) at a day rate of $585,000 to use the rig offshore South Australia.

5/29/2013

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