Diamond Offshore secures new floater contracts

Sept. 2, 2022
Diamond Offshore books work for its Ocean Apex rig offshore Australia and Vela drillship in the US GoM.

Offshore staff

HOUSTON Diamond Offshore Drilling Inc. announced that Inpex Operations Australia Pty Ltd. has entered into a contract to utilize the Ocean Apex for work on the Northwest Shelf of Australia.

The new contract covers two wells and is expected to commence in fourth-quarter 2023 in direct continuation of the rig’s prior contract, and combined with previous awards recently announced, results in the Ocean Apex being fully contracted in Australia until late 2024.

Diamond Offshore also has entered into a contract with BOE Exploration & Production LLC for the Diamond-managed drillship Vela for work in the US Gulf of Mexico. The Vela was awarded a contract with a minimum duration of 225 days for a total value of about $88 million. The contract also includes options for up to an additional five to seven wells. Work under the new contract is expected to commence in first-quarter 2023.