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CNOOC Africa hires Atwood Hunter semisubmersible drilling rig

19th June 2014

Atwood Oceanics has announced that one of its subsidiaries has been awarded a drilling services contract by CNOOC Africa for the semi-submersible rig Atwood Hunter

CNOOC Africa hires Atwood Hunter semisubmersible drilling rig
The contract will be performed offshore Equatorial Guinea

The contract will be performed offshore Equatorial Guinea, specifies a day rate of USD 337,000 for a minimum term of 90 days and includes an option for one additional well. To the extent the term exceeds 90 days the day rate for days 91 to 180 shall be USD 330,000. Any term in excess of 181 days shall have a dayrate of USD 325,000. The Atwood Hunter is expected to commence the contract mid-August 2014.

In connection with this contract, an Atwood subsidiary and Guinea Ecuatorial de Petroleos (GEPetrol) mutually agreed to terminate the parties' previously announced contract for the Atwood Hunter provided certain conditions are met.

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