Houston-based drilling contractor Atwood Oceanics is understood to have emerged as the frontrunner in a tender to supply UK independent Premier Oil with a high-spec rig to carry out exploration work in the new frontier Ceara basin off Brazil starting in 2017.

According to well-informed sources, Atwood appears now to be in pole position to secure a contract with Premier, edging out rivals Pacific Drilling, Ocean Rig and Maersk Drilling, after offering the newbuild drillship Atwood Admiral.

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