Eni books Deepwater Pathfinder for five-year contract

Eni has awarded Transocean a five-year contract for use of the deepwater drillship Deepwater Pathfinder.

Offshore staff

HOUSTON -- Eni has awarded Transocean a five-year contract for use of the deepwater drillship Deepwater Pathfinder. The rig primarily will work in the US Gulf of Mexico.

TheDeepwater Pathfinder is a single-activity rig capable of drilling in water depths up to 10,000 ft (3,048 m). The contract is scheduled to begin in March 2010 following completion of the rig's existing contract commitments.

Estimated contract revenues that could be generated over the five-year contract period are approximately $1.19 billion

07/08/2008

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