Market Overview

Pacific Drilling Announces Ultra-Deepwater Drillship Pacific Scirocco Begins Contract in Nigeria


Pacific Drilling S.A. (NYSE: PACD) announced today that its ultra-deepwater drillship the Pacific Scirocco commenced operations in Nigeria on December 31, 2011. The drillship is contracted for an initial one-year term to a subsidiary of Total S.A. (NYSE: TOT). The contract further provides for options, to be exercised at the client's discretion, which could result in up to four additional years of contract term.

The Pacific Scirocco is capable of operating in water depths of up to 12,000 feet and drilling wells 40,000 feet deep.

Posted-In: News Contracts Global


Related Articles (TOT + PACD)

View Comments and Join the Discussion!