An Atwood Oceanics Inc. subsidiary has agreed to a four-month extension for the jackup drilling rig Atwood Orca with Mubadala Petroleum offshore Thailand.
The new contract is at an undisclosed day rate that is higher than the current day rate, and it includes two four-month options that are priced at successively higher day rates than the new firm day rate.
As a result of this contract, the expected earliest availability of theAtwood Orca is August 2018, assuming no options are exercised. According to Atwood, if both options were to be exercised the drilling program would be expected to extend until about April 2019.
