South Korean operator Posco Daewoo has awarded a major contract to Diamond Offshore for offshore drilling services in Myanmar.
Diamond said in its fleet update the contract for the 10,000-foot water depth semi-submersible Ocean Monarch will start in November 2019 and end in March 2021.
The contract covers seven firm wells and five option wells; the dayrate was not disclosed.
The rig is currently working for ExxonMobil in Australia, and Diamond said it hopes to secure more work for the Monarch prior to mobilising to Myanmar.
