Fossil Energy – Drilling
Aquadrill has extended a charter hire agreement with Diamond Offshore Drilling to provide its Vela drillship for operations in the U.S. Gulf of Mexico for a drilling contract with a minimum duration of 225 days.
Aquadrill said the deal also included three market-based extension options for an additional five to seven wells.
According to the drilling contractor, the charter hire for the MPD outfitted 7th generation drillship will be extended if the optional term is exercised.
The total contract value for the firm 225-day minimum term of the drilling contract is expected to be $88 million, with start expected in mid-January 2023.