LAGOS, Nigeria. - Tuesday, August 26th 2014 [ME NewsWire]
(BUSINESS
WIRE) Pacific International Drilling West Africa Limited (PIDWAL)
announced today that Star Deep Water Petroleum Limited, an affiliate of
Chevron, has signed a firm contract extension for the Pacific Bora. As
previously announced in our recent Fleet Status reports, the contract
extension increases the drillship’s backlog by approximately $439
million, bringing the company’s total contract backlog as of Aug. 22,
2014, to $3.0 billion.
Pacific Bora is capable of operating in water depths of up to 10,000 feet and drilling wells 37,500 feet deep.
About Pacific Drilling
With
its best-in-class drillships and highly experienced team, Pacific
Drilling is a fast-growing company that is committed to becoming the
industry’s preferred ultra-deepwater drilling contractor. Pacific
Drilling’s fleet of eight high-specification drillships will represent
one of the youngest and most technologically advanced fleets in the
world. The company currently operates five drillships under customer
contract, has a drillship preparing for contract commencement, and has
two drillships under construction at Samsung Heavy Industries. Pacific
Drilling operates three drillships in Nigeria through its subsidiary
Pacific International Drilling West Africa Ltd. For more information
about Pacific Drilling, including our current Fleet Status, please visit
our website at www.pacificdrilling.com.
Statements regarding the
duration of client contracts, contract revenue amounts, backlog and
other statements that are not historical facts in this press release are
forward-looking statements and are subject to certain risks,
uncertainties and assumptions and consequently actual results may differ
materially from those indicated or implied by such forward-looking
statements. Forward-looking statements speak only as of the date they
are made, and we undertake no obligation to publicly update or revise
any of them in light of new information, future events or otherwise.
Contacts
Pacific Drilling Services, Inc.
Amy Roddy, +1 832 255 0502
Investor@pacificdrilling.com
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