Pacific Drilling firms Scirocco contract

Pacific Drilling SA says its letter of award for a one-year contract for the Pacific Scirocco is now a definitive contract.

Offshore staff

LUXEMBOURG – Pacific Drilling SA says its letter of award for a one-year contract for the Pacific Scirocco is now a definitive contract. The agreement takes effect in 3Q 2011.

The one-year term includes client options for extension of as many as four more years. The fixed value of the award is given as $200 million plus client requested modifications.

The Pacific Scirocco can operate in water depths of up to 12,000 ft (3,658 m) and drill wells 40,000 ft (12,192 m) deep.

07/12/2011

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