The newbuild, built at Samsung Heavy Industries and capable of drilling to 40,000 feet, is expected to kick off work in the fourth quarter at a contractual dayrate of $660,000.

Four drillships in the deep-water specialist's fleet are already in service, the Pacific Bora, the Pacific Scirocco, the Pacific Mistral and Pacific Santa Ana.

An updated company fleet status revealed that the company's sixth drillship, the Pacific Sharav, is now scheduled for delivery in the first quarter of 2014, pushed back from a 2013 date.

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