Pacific Drilling orders eighth ultra-deepwater drillship

Fleet addition: Pacific Drilling adds ultra-deepwater drillship to vessel stock

Houston’s Pacific Drilling has taken up an option for an eighth ultra-deepwater drillship from South Korea’s Samsung Heavy Industries for around $620 million.

Pacific Drilling chief executive Chris Beckett said the contractor took up the order due to “the strong market for deep-water drilling, attractive construction cost, strength of relationships with our preferred vendors, and robust operating performance of our in-service rigs”.

The order comes just a month after the Houston rig owner sought another extension to its option for an eight newbuild.

Accommodating 200 personnel, the drillship will have a rated water depth of 12,000 feet, be equipped for 40,000 feet drilling depth, including support for dual gradient drilling.

Pacific Drilling plans to use cash…

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