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.