Aquadrill secures $138M charter hire agreement for drillship
Nov. 23, 2022
Aquadrill and a subsidiary of Vantage Holdings International have reached an agreement to provide the Capella drillship for operations offshore Indonesia.
Courtesy Aquadrill LLC
LONDON —Aquadrill LLC and a subsidiary of Vantage Holdings International have reached an agreement to provide the Capella, an MPD outfitted sixth-generation drillship, for a four firm well contract plus two priced and three mutually agreed optional wells for operations in Indonesia.
The total contract value for the firm portion of the contract is expected to be approximately $138 million. Work is expected to commence in early May 2023 and to run until mid-April 2024.
In the event the priced options are exercised, the rig is expected to be available in early September 2024. The total additional contract value is expected to be about $56 million.
