Pacific Bora Delivery

On October 13, 2010 the Pacific Bora was delivered to Pacific Drilling by Samsung Heavy Industries. The Bora is a sixth generation ultra deepwater drillship. After the Bora was delivered by Samsung heavy Industries, it moved to the KAHN shipyard until January 2011, where it is currently undergoing scheduled modifications to enhance its completions capabilities.

Pacific Bora Contract

In November 2010, Pacific Drilling converted a previously agreed Letter of Intent to a definitive contract for the Pacific Bora drillship with a major international oil company for operations in Nigeria. The term of the contract is three years, with two additional one year options. The Pacific Bora is a sixth generation ultra deepwater drillship with off-line handling. It will travel to Nigeria through Cape Town once it has finished commissioning in the KAHN shipyard.

Pacific Bora Awarded Initial 3-year Contract with Chevron

Pacific Drilling is pleased to announce that the Pacific Bora has been contracted to Star Deep Water Petroleum Limited, a wholly owned Chevron subsidiary to work on the continued development of the Agbami Field in Nigeria. Total revenue from the contract is expected to be approximately $585million over the initial three year term. The rig is expected to mobilize to Nigeria in late February upon completion of client requested enhancements to facilitate completion activities. This represents Pacific Drilling’s second contract with a Chevron subsidiary, including the previously announced contract for the Pacific Santa Ana, which is contracted to provide the first commercial application of Dual Gradient Drilling. Dual gradient techniques use a pump or other method to reduce the hydrostatic head from the mudline to the surface to that of seawater. Pacific Drilling has two further ultra-deepwater drillships (Pacific Scirocco and Pacific Mistral) under construction at Samsung Heavy Industries, both of which are on target for on time delivery in March 2011 and May 2011 respectively, and are the subject of advanced discussions with various clients.

Pacific Drilling Receives Delivery of its Drillship the Pacific Mistral

Pacific Drilling S.A. (NOTC: PDSA) announced today that it has received delivery of its newest drillship, the Pacific Mistral. The Pacific Mistral can operate in water depths of up to 12,000 feet and drill wells of up to 35,000 feet total depth. The rig features technologically advanced equipment that allows customers to improve drilling efficiency, including offline handling capabilities. Pacific Drilling CEO Chris Beckett stated, “We are proud to announce the delivery of the Pacific Mistral. This constitutes the third on-time, on-budget delivery in Pacific Drilling’s fleet of six premium ultra-deepwater drillships. The final payment to the shipyard was substantially funded by our Project Facilities Agreement lenders, consisting of two Export Credit Agencies and nine commercial banks based in the United States and Europe. We are in the advanced stages of negotiations with several major E&P companies and expect to announce a drilling contract for the Pacific Mistral in the near future.” With its best-in-class drillships and highly experienced team, Pacific Drilling is a fast growing company that is dedicated to becoming the preferred ultra-deepwater drilling contractor. In addition to the three ultra-deepwater drillships delivered to date, Pacific Drilling expects delivery of an additional drillship in August 2011 and has two drillships on order at Samsung for delivery during 2013.

Pacific Drilling Announces Pacific Bora Operations Commencement

Pacific Drilling S.A. (NOTC: PDSA) announced today that its ultra-deepwater drillship the Pacific Bora commenced operations at the Agbami Field in Nigeria on August 10, 2011. The rig is contracted for three years to a wholly owned Chevron subsidiary. The Pacific Bora is capable of operating in water depths of up to 10,000 feet and drilling wells 37,500 feet deep.

Pacific Drilling Announces Three-Year Contract for the Pacific Mistral

Pacific Drilling S.A. (NOTC: PDSA) announced today that its ultra-deepwater drillship the Pacific Mistral has been awarded a three-year contract by Petróleo Brasileiro S.A. (“Petrobras”) for operations in Brazil. The contract is expected to commence in the fourth quarter of 2011, and estimated maximum contract revenues, including mobilization and client requested modifications, are expected to be approximately $536 million. Pacific Drilling Chief Executive Officer Chris Beckett stated: “We are pleased to announce the beginning of a core, strategic relationship with Petrobras. This contract for the Pacific Mistral underscores our commitment to work with the best operators in the industry and also expands our operating presence in the Atlantic Basin, a region of focus for our activities.” The Pacific Mistral was delivered by Samsung Heavy Industries in June 2011. The rig is equipped for and capable of operating in water depths of up to 12,000 feet and drilling wells 37,500 feet deep.

Pacific Drilling Announces Ultra-Deepwater Drillship Pacific Mistral Begins Contract in Brazil

Pacific Drilling S.A. (NYSE: PACD) (NOTC: PDSA) announced today that its ultra-deepwater drillship the Pacific Mistral commenced operations in Brazil on February 6, 2012. The drillship is contracted for a three-year term to Petróleo Brasileiro S.A.

Pacific Drilling Announces Pacific Bora Operations Commencement

Pacific Drilling S.A. (NOTC: PDSA) announced today that its ultra-deepwater drillship the Pacific Bora commenced operations at the Agbami Field in Nigeria on August 10, 2011. The rig is contracted for three years to a wholly owned Chevron subsidiary.

Pacific Drilling confirm extension for 'Pacific Bora'

Pacific Drilling S.A. 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 the company’s recent Fleet Status report (6th August 2014), the contract extension increases the drillship’s backlog by approximately USD439 million, bringing the company’s total contract backlog as of Aug. 22nd, 2014, to UDS3.0 billion.

Pacific Drilling secure initial three year contract for 'Pacific Bora'

Pacific Drilling is pleased to announce that the ‘Pacific Bora’ has been contracted to Star Deep Water Petroleum Limited, a wholly owned Chevron subsidiary to work on the continued development of the Agbami Field in Nigeria. Total revenue from the contract is expected to be approximately USD585million over the initial three year term. The rig is expected to mobilize to Nigeria in late February upon completion of client requested enhancements to facilitate completion activities. This represents Pacific Drilling’s second contract with a Chevron subsidiary, including the previously announced contract for the ‘Pacific Santa Ana’, which is contracted to provide the first commercial application of Dual Gradient Drilling. Dual gradient techniques use a pump or other method to reduce the hydrostatic head from the mudline to the surface to that of seawater. Pacific Drilling has two further ultra-deepwater drillships (‘Pacific Scirocco’ and ‘Pacific Mistral’) under construction at Samsung Heavy Industries, both of which are on target for on time delivery in March 2011 and May 2011 respectively, and are the subject of advanced discussions with various clients.

Pacific Drilling takes delivery of 'Pacific Mistral'

Pacific Drilling S.A. (Pacific Drilling) announced today that it has received delivery of its newest drillship, the ‘Pacific Mistral’. The ‘Pacific Mistral’ can operate in water depths of up to 12,000 feet and drill wells of up to 35,000 feet total depth. The rig features technologically advanced equipment that allows customers to improve drilling efficiency, including offline handling capabilities. Pacific Drilling CEO Chris Beckett stated, “We are proud to announce the delivery of the ‘Pacific Mistral’. This constitutes the third on-time, on-budget delivery in Pacific Drilling’s fleet of six premium ultra-deepwater drillships.

Update on Fatala-1 preperations

Hyperdynamics Corporation (OTCQX: HDYN) announced today that SCS Corporation Ltd. ("SCS"), its wholly owned subsidiary, has signed a Master Service Agreement ("MSA") with Schlumberger to provide essential drilling services for the deepwater exploration well planned for the second calendar quarter of 2017 offshore the Republic of Guinea. "With the signing of this agreement with Schlumberger, we now have the critical equipment and most of the drilling services contracts in place to enable us to begin drilling the Fatala-1 deepwater exploration well this spring," said Ray Leonard, Hyperdynamics President and Chief Executive Officer. "Schlumberger is the world's leading provider of oilfield services and equipment to the upstream industry. No one has more experience than Schlumberger in helping oil and gas operators safely and successfully drill for hydrocarbons in some of the deepest waters around the world. "With Schlumberger as integrated project manager for drilling services -- and with Pacific Drilling providing a modern deepwater drillship with an experienced crew -- we have assembled a world-class contingent of equipment, services and highly experienced manpower." Under the MSA, Schlumberger will be the primary provider of services to drill the Fatala-1 well. The estimated value of the MSA for the Fatala-1 well is approximately U.S. $4.5 million. "We are also advancing our discussions with several global oil companies that could farm into a significant portion of our project working interest, provide additional technical expertise and share the project costs and risks," Mr. Leonard added. Hyperdynamics has also achieved other key milestones as it prepares to begin drilling operations.

Oyo-9 Drilling Update

Erin Energy has provided an update for the Oyo-9 development well to be drilled offshore Nigeria. The Pacific Bora is now expected to mobilise to location and spud the well by the end of July. According to Erin Energy, Pacific Drilling has confirmed that the Pacific Bora will be ready for deployment. The contract on the Pacific Bora includes one firm well and two optional exploration wells. The day rate for the rig is US$195k/day.