The company has also signed the unit to a three-year contract with the Cabinda Gulf Oil Company, an Angola unit of Chevron.
The total estimated contract value of $119 million breaks down to a dayrate of about $108,600.
“With this transaction, we continue to opportunistically expand our international presence and scale, add significant long term backlog and cash flow, and reaffirm our commitment to CABGOC, a key global client, at economics that are beneficial for all parties,” chief executive John Rynd said in a statement.
The
