Fossil Energy – Drilling
Diamond Offshore has secured a contract with Beacon Offshore Energy subsidiary BOE Exploration & Production LLC for 12,000-ft drillship Ocean BlackRhino in the US GOM.
The contract has a minimum duration of 180 days with a total value of around $89 million, excluding mobilization and any additional services. The contract also includes two additional options. The rig is expected to begin work with BOE late in the first quarter or early in the second quarter of 2025.
This marks the third contract lined up for Ocean BlackRhino, beyond its current contract with Woodside offshore Senegal which is expected to conclude in August 2024.
Following the completion of work with Woodside, Ocean BlackRhino will move to Guinea-Bissau for a one-well contract with Apus Energy. The rig will then enter the yard for its five-year special periodic survey and to be upgraded with a managed pressure drilling system, estimated to take around 80 days. After the yard stay, Ocean BlackRhino is scheduled for a one-well, 30-day contract with Foxtrot offshore Cote d’Ivoire. The unit will then mobilize to the US GOM.
