Diamond Offshore Drilling said yesterday it had agreed a £487million ($755 million) deal with Korean firm Hyundai Heavy to build a drilling rig for work on a BP contract.
The harsh weather rig, which will initially work on BP projects in south Australia, is expected to be delivered after November 2015.
Diamond has signed a 3-year contract with BP for initial use of the rig at a day rate of $585,000 per day.
Larry Dickerson, Diamond Offshore’s chief executive said: “We are pleased to have been selected by BP for this important work. Our company, and its predecessors, have been continuously active in Australia since 1982, drilling over 600 wells.
Diamond Offshore’s fleet of offshore drilling rigs consists of 30 semisubmersibles, seven jack-ups and one drillship, in addition to four ultra-deepwater drillships and three deepwater semisubmersibles currently under construction.