Diamond Offshore Drilling, Inc. has been awarded two term drilling contracts with Texas-based oil and gas producer Anadarko Petroleum Corporation.
The contracts are expected to generate a maximum total revenue of approximately $1.8 billion, and represent 10 years of contract drilling backlog.
The deal will utilize two new-build drillships that Diamond Offshore currently has on order with South Korea-based Hyundai Heavy Industries.
The two ultra-deepwater drillships—Ocean BlackHawk and Ocean BlackHornet—are each contracted for five years, commencing in late 2013 and early 2014 respectively.
Commenting, Diamond Offshore’s president and CEO Larry Dickerson said: "We are pleased to place our newest rigs under contract with Anadarko, with whom we have had a successful long-term relationship. We look forward to contributing to Anadarko's exploration and development efforts, working to bring to market energy resources for the world's increasing demand.
“A first class customer, two state of the art rigs and Diamond Offshore's high operational standards are all part of a formula for success."
Headquartered in Houston, Texas, Diamond Offshore provides contract drilling services to the energy industry worldwide.
