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Diamond Offshore (DO) Secures Rig Contracts Worth $360M
Diamond Offshore DrillingDiamond Offshore Drilling(US:DO) Zacks Investment Research·2024-02-15 02:01

Diamond Offshore Drilling (DO) secured a new contract with Serica Energy in the United Kingdom and a contract extension with a subsidiary of BP in the U.S. Gulf of Mexico. The two contracts represent 360millionofadditionalbacklogforthecompany.Thetwo−yearcontractextensionwithasubsidiaryofBPfortheOceanBlackLiondrillship,intheU.S.GulfofMexico,represents360 million of additional backlog for the company.The two-year contract extension with a subsidiary of BP for the Ocean BlackLion drillship, in the U.S. Gulf of Mexico, represents 350 million of additional backlog. The contract is scheduled to start in September 2024, in continuation of the rig’s current prog ...