Pacific Scirocco (Pacific Drilling S.A.) (Drillship)

'Pacific Scirocco' drillship delivered to Pacific Drilling

Return to news list

20 April 2011

Pacific Drilling S.A. received on-time delivery of its newest drillship, the ‘Pacific Scirocco’. The ‘Pacific Scirocco’ is designed to operate in water depths of up to 12,000 feet and is equipped with the newest and most technologically advanced equipment, including a dual derrick with double load path. CEO Chris Beckett stated, “We are proud to be involved in the construction of this new addition to our expanding fleet. The ‘Pacific Scirocco’ boasts some of the most modern equipment and highest capabilities of any drillship in the market. As previously stated, we expect to sign the ‘Pacific Scirocco’ to a contract with a top quality E&P company in the near future.”

Source: http://www.pacificdrilling.com/Investor-Relations/News/News-Details/2011/Pacific-Drilling-Receives-Delivery-of-its-New-Drillship-the-Pacific-Scirocco/default.aspx


More News for Operator: Pacific Drilling S.A.

25 Aug 2014

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.

28 Aug 2014

'Pacific Sharav' begins contract in US GoM

Pacific Drilling S.A. (Pacific) announced today that its ultra-deepwater drillship the ‘Pacific Sharav’ commenced its drilling contract on August 27th, 2014. Then unit has been contracted by Chevron for work in the US GoM for a five year period at a dayrate of USD555,000.

15 Mar 2010

Pacific Drilling receives LOI from Chevron for 'Pacific Santa Ana'

Pacific Drilling today announced it has entered into a Letter of Intent with Chevron USA, Inc. for the ultra-deepwater drillship ‘Pacific Santa Ana’ to operate in the Gulf of Mexico. The ‘Pacific Santa Ana’ drillship will provide Chevron and Pacific Drilling the opportunity to develop and deploy Dual Gradient Drilling technology during its activities in the deep waters of the Gulf of Mexico. ‘Pacific Santa Ana’, under construction in South Korea, represents the height of current drilling technology, with capabilities to operate in up to 12,000 feet water depth and drill to over 35,000 feet well depth.

12 May 2010

Pacific Drilling awarded five year contract for 'Pacific Santa Ana'

Pacific Drilling Limited is pleased to announce the signing of a contract with Chevron USA Inc. for the ‘Pacific Santa Ana’ per the previously released letter of intent. The contract represents a revenue stream of approximately USD895Million over the five year initial term which commences in late 2011. ‘Pacific Santa Ana’, under construction in South Korea, represents the height of current drilling technology, with capabilities to operate in up to 12,000ft water depth and drill to over 35,000ft well depth.

17 Jan 2011

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.

2 May 2011

Total issue LOA for 'Pacific Scirocco' drillship in Nigeria

Pacific Drilling S.A. (Pacific Drilling) announced today that their latest generation drillship, the ‘Pacific Scirocco’, has received a Letter of Award from Total E&P Nigeria Limited, subject to completion of formalities with relevant government agencies in the near future, to perform exploration and development work in Nigeria. The minimum duration of the award is for a one-year initial term at a dayrate of USD470,000 plus mobilisation and client requested upgrades. The agreement further contemplates two one-year options at Total’s discretion.

2 Jun 2011

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.

11 Jul 2011

Pacific Drilling confirms Total contract for 'Pacific Scirocco'

Pacific Drilling S.A. (Pacific Drilling) announced today that a Letter of Award has been converted to a definitive contract for the ‘Pacific Scirocco’ following the necessary approvals from authorities. The minimum duration of the contract is for an initial one-year term, with contract commencement expected during the third quarter of 2011. The contract provides for options, to be exercised at the client’s discretion, which could result in up to four additional years of contract term with an escalating dayrate dependent upon the option timing and term elected. Estimated maximum contract revenues related to the initial one-year term are expected to be approximately USD200 million, excluding client requested modifications and miscellaneous adjustments.

6 Jan 2015

Chevron announces oil discovery at anchor prospect

Chevron Corporation (“Chevron”) today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron's second discovery in the deepwater Gulf in less than a year. "The Anchor discovery, along with the previously announced Guadalupe discovery, are significant finds for us in the deepwater Gulf of Mexico. We had one of our best years with the drill bit in 2014, reporting more than 30 discoveries worldwide and adding an estimated one billion barrels of new resources to our holdings," said Jay Johnson, senior vice president, Upstream, Chevron Corporation. The Green Canyon Block 807 Well No. 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands. The well, which was spudded in August 2014, is located approximately 140 miles (225 km) off the coast of Louisiana in 5,183 feet (1,580 m) of water and was drilled to a depth of 33,749 feet (10,287 m). Appraisal drilling will begin in 2015. Chevron used the Pacific Santa Ana drillship to drill the Anchor prospect. Chevron subsidiary Chevron U.S.A. Inc. is the operator, with a 55 percent working interest in the Anchor prospect. Anchor co-owners are Cobalt International Energy, Inc. (20 percent), Samson Offshore Anchor, LLC (12.5 percent); and Venari Resources LLC (12.5 percent).

3 Jan 2017

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.

6 Jan 2017

Hyperdynamics to Engage a More Advanced Drillship from Pacific Drilling for its Upcoming Guinea Exploration Drilling Campaign

Hyperdynamics Corporation (OTCQX: HDYN) today announced that it has accepted a proposal from its drilling contractor, Pacific Drilling, to deploy the Pacific Scirocco drillship in place of the Pacific Bora for Hyperdynamics' upcoming deepwater exploration well offshore the Republic of Guinea. Financial terms under the earlier contract with Pacific Drilling for the Pacific Bora are unchanged. Hyperdynamics plans to spud the Fatala-1 well in April 2017. "We are very pleased to be able to engage the Pacific Scirocco for our drilling campaign," said Hyperdynamics President and Chief Executive Officer Ray Leonard. "The Pacific Scirocco is equipped to drill in deeper water -- up to 12,000 feet -- and could handle either of the two optional follow-up fan wells that may be drilled if the Fatala-1 well is successful. "We understand that the Scirocco has been working offshore Nigeria for TOTAL for the last five years and has achieved a 98% up-time record, with no lost-time incidents. Having a rig and a crew that has performed so consistently at such a high level of safety and efficiency should greatly enhance our program," Leonard said. "The Scirocco completes its current contract with TOTAL on January 19 and afterwards will be anchored offshore Abidjan, Ivory Coast. This will enable Schlumberger, our integrated project manager for drilling services, to utilize its base there to outfit the drillship in plenty of time for an April 2017 spud date," he added.

24 May 2017

Hyperdynamics commences drilling operations in Guinea on the back of amended contract with Pacific Drilling

Hyperdynamics Corporation (OTCQX: HDYN) today announced that on May 21, 2017 the Pacific Scirocco drillship entered Guinea shelf waters and is commencing drilling operations as provided by the Third Amendment to the Production Sharing Contract ("PSC"), signed by the Republic of Guinea Government on April 12, 2017 and approved by President Alpha Conde on April 21, 2017. Last week, SCS Corporation, the wholly owned subsidiary of Hyperdynamics Corporation, and Pacific Drilling made effective an amendment to the drilling contract with a subsidiary of Pacific Drilling for the use of the Pacific Scirocco for mobilization for petroleum operations. The Amendment stipulates the rates and timing related to installing on the rig some drilling-related equipment, stocking up materials and supplies for the subsequent spudding of the Fatala 1 well. "We are very pleased that the rig has arrived in Guinea and has commenced drilling operations as provided by the Third Amendment to the PSC and look forward to drilling the Fatala prospect as soon as the rig gets on board additional equipment and supplies. We highly value our business relationship with both SAPETRO and Pacific Drilling," said Hyperdynamics President and Chief Executive Officer Ray Leonard.

10 Jul 2017

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.

17 Dec 2013

'Pacific Khamsin' drillship receives Nigerian drilling permit

Pacific Drilling’s newly launched drillship the ‘Pacific Khamsin’, has received its drilling permit for operations in Nigeria and began its drilling contract with Chevron on the 17th December 2013. The ‘Pacific Khamsin’ was delivered to Pacific Drilling in early September 2013 from Samsung Heavy Industries in South Korea and is the company’s fifth ultra-deepwater drillship. Chevron contracted the ‘Pacific Khamsin’ in Nigeria for an initial two year period with a dayrate of US$660,000, signing the contract in November 2012.

8 Dec 2011

Pacific Drilling Statement Regarding the Status of Pacific Scirocco

The Pacific Scirocco is currently undergoing client requested upgrades as well as modifications to ensure engine reliability. The rig has mobilized to a quayside in South Africa in order to complete the project prior to commencing operations in Nigeria. These preemptive repairs will delay contract commencement, potentially until the end of the fourth quarter of 2011. However, we expect that the delay will be covered under loss of hire insurance. The Pacific Santa Ana will undergo similar engine modifications prior to delivery during the fourth quarter of 2011.

20 Apr 2011

Pacific Drilling Receives Delivery of its New Drillship the Pacific Scirocc

Pacific Drilling S.A. received on-time delivery of its newest drillship, the Pacific Scirocco. The Pacific Scirocco is designed to operate in water depths of up to 12,000 feet and is equipped with the newest and most technologically advanced equipment, including a dual derrick with double load path. CEO Chris Beckett stated, “We are proud to be involved in the construction of this new addition to our expanding fleet. The Pacific Scirocco boasts some of the most modern equipment and highest capabilities of any drillship in the market. As previously stated, we expect to sign the Pacific Scirocco to a contract with a top quality E&P company 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. Pacific Drilling’s fleet of four of the newest ultra-deepwater drillships is expected to be in operation by the end of 2011, with two additional drillships on order at Samsung for delivery during 2013.

12 May 2010

Pacific Santa Ana Awarded 5-year Contract with Chevron

Pacific Drilling Limited is pleased to announce the signing of a contract with Chevron USA Inc. for the Pacific Santa Ana per the previously released letter of intent. The contract represents a revenue stream of approximately $895Million over the five year initial term which commences in late 2011. Pacific Santa Ana, under construction in South Korea, represents the height of current drilling technology, with capabilities to operate in up to 12,000ft water depth and drill to over 35,000ft well depth. Pacific Drilling Limited is a privately owned, ultra-deepwater drilling contractor, which has an interest in six Samsung design ultra-deepwater drillships. Four drillships Pacific Bora, Pacific Scirocco, Pacific Mistral and Pacific Santa Ana are expected to be delivered between September 2010 and July 2011 and will be wholly owned and operated by Pacific Drilling. Two vessels are currently operating in India and are held and operated by a 50% JV.

15 Mar 2010

Pacific Drilling Announces Letter of Intent with Chevron

Pacific Drilling today announced it has entered into a Letter of Intent with Chevron USA, Inc. for the ultra-deepwater drillship “Pacific Santa Ana” to operate in the Gulf of Mexico. The “Pacific Santa Ana” drillship will provide Chevron and Pacific Drilling the opportunity to develop and deploy Dual Gradient Drilling technology during its activities in the deep waters of the Gulf of Mexico. Pacific Santa Ana, under construction in South Korea, represents the height of current drilling technology, with capabilities to operate in up to 12,000 feet water depth and drill to over 35,000 feet well depth. Pacific Drilling Limited is a privately owned, ultra-deepwater drillship operator, which has an interest in six ultra-deepwater drillships. The first two vessels, which have been delivered and are under contract, are held in a 50% JV. The remaining four are expected to be delivered between September 2010 and July 2011 and will be wholly owned and operated.

13 Oct 2010

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.

30 Nov 2010

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.

17 Jan 2011

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.

2 May 2011

Pacific Drilling Receives a Letter of Award from Total in Nigeria

Pacific Drilling S.A. (NOTC: PDSA) announced today that their latest generation drillship, the Pacific Scirocco, has received a Letter of Award from Total E&P Nigeria Limited, subject to completion of formalities with relevant government agencies in the near future, to perform exploration and development work in Nigeria. The minimum duration of the award is for a one-year initial term at a dayrate of $470,000 plus mobilization and client requested upgrades. The agreement further contemplates two one-year options at Total’s discretion. “We are very pleased to announce a new core relationship with Total, a leading deepwater operator, consistent with our vision to work with the best in the industry,” commented Pacific Drilling CEO Chris Beckett. “This represents Pacific Drilling’s third commitment from a major oil company, including the two previously announced contracts for the Pacific Santa Ana and the Pacific Bora both contracted to Chevron in the Gulf of Mexico and Nigeria respectively.” Pacific Drilling’s fourth ultra-deepwater drillship, the Pacific Mistral, is under construction at Samsung Heavy Industries. The Mistral is on target for on time delivery in May 2011 and is the subject of advanced discussions with various clients. In March 2011 Pacific Drilling ordered two additional drillships from Samsung Heavy Industries, the Pacific Khamsin and the Pacific Sharav, scheduled for delivery in April and September 2013 respectively.

2 Jun 2011

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.

11 Jul 2011

Pacific Drilling Signs Contract for the Pacific Scirocco

Pacific Drilling S.A. (NOTC: PDSA) announced today that a Letter of Award has been converted to a definitive contract for the Pacific Scirocco following the necessary approvals from authorities. The minimum duration of the contract is for an initial one-year term, with contract commencement expected during the third quarter of 2011. The contract provides for options, to be exercised at the client’s discretion, which could result in up to four additional years of contract term with an escalating dayrate dependent upon the option timing and term elected. Estimated maximum contract revenues related to the initial one-year term are expected to be approximately $200 million, excluding client requested modifications and miscellaneous adjustments. The Pacific Scirocco is capable of operating in water depths of up to 12,000 feet and drilling wells 40,000 feet deep.

10 Aug 2011

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.

17 Aug 2011

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.

20 Dec 2011

Pacific Drilling Receives Delivery of its Ultra-Deepwater Drillship the Pacific Santa Ana

Pacific Drilling S.A. (NYSE:PACD) (NOTC:PDSA) announced today that it has received delivery of its newest drillship, the Pacific Santa Ana. The drillship features the most advanced drilling technology in the offshore drilling industry, including dual load path capability and dual gradient drilling upgrades. The Pacific Santa Ana is capable of operating in water depths of up to 12,000 feet and drilling wells 40,000 feet deep. Pacific Drilling CEO, Chris Beckett, stated, “We are very proud to announce the delivery of the Pacific Santa Ana. This drillship incorporates the newest advances in offshore drilling technology and is the first ultra-deepwater rig equipped for dual gradient drilling, an innovation that is expected to provide significant benefits in drilling safety and efficiency. The delivery of the Pacific Santa Ana, the fourth rig in our fleet, completes the first phase of Pacific Drilling’s growth strategy to become the industry’s preferred ultra-deepwater drilling contractor.”

31 Jan 2012

Pacific Drilling Announces Ultra-Deepwater Drillship Pacific Scirocco Begins Contract in Nigeria

Pacific Drilling S.A. (NYSE: PACD) (NOTC: PDSA) announced today that its ultra-deepwater drillship the Pacific Scirocco commenced operations in Nigeria on December 31, 2011. The drillship is contracted for an initial one-year term to a subsidiary of Total S.A. (NYSE: TOT). The contract further provides for options, to be exercised at the client’s discretion, which could result in up to four additional years of contract term.

6 Feb 2012

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.

7 May 2012

Chevron Commences Operations on Next-Generation Drillship in Deepwater Gulf of Mexico

Chevron Corporation (NYSE: CVX) announced that the Pacific Santa Ana, a deepwater drillship built to Chevron's specifications, has arrived in the Gulf of Mexico to work for Chevron under a five-year contract with a subsidiary of Pacific Drilling S.A. (NYSE: PACD). Pacific Santa Ana is the first drillship designed with the capacity to perform dual gradient drilling (DGD). "Pacific Santa Ana will enable us to demonstrate dual gradient drilling, which has the potential to change the way deepwater wells are drilled," said George Kirkland, vice chairman, Chevron Corporation. "This new process builds on our record of technology leadership in deepwater." "The addition of Pacific Santa Ana as Chevron's fifth drillship in the deepwater Gulf of Mexico demonstrates our long-term commitment to developing America's energy resources," said Gary Luquette, president of Chevron North America Exploration and Production Company. "We are bullish on the Gulf, where robust energy exploration and development is vital to our nation's economy and energy security." Unlike conventional deepwater drilling, which uses a single drilling fluid weight in the borehole, dual gradient drilling employs two weights of drilling fluid – one above the seabed, another below. This allows drillers to more closely match the pressures presented by nature and effectively eliminates water depth as a consideration in well design. DGD also allows drillers to more quickly detect and appropriately react to downhole pressure changes, which can enhance the safety and efficiency of deepwater drilling operations. Pacific Santa Ana is equipped with a DGD riser, a mud lift pump handling system, six mud pumps – three for drilling fluid and three for seawater – extensive fluid management system enhancements and more than 72,000 feet of DGD-related cables. After additional equipment is installed and tested, Pacific Santa Ana will be used for exploratory and development drilling in the deepwater Gulf of Mexico.

24 May 2012

Pacific Drilling Announces Extension of Initial Term for the Pacific Scirocco to Two Years

Pacific Drilling S.A. (NYSE: PACD) announced today that a subsidiary of Total S.A. has elected to extend the initial contract term for the Pacific Scirocco from one to two years. The contract provides for further options, to be exercised at the client’s discretion, which could result in up to three additional years of contract term with an escalating dayrate. Estimated maximum contract revenues related to the additional one year term are expected to be approximately $173 million, bringing the rig’s total contract backlog as of May 24, 2012, to approximately $307 million.

22 Jun 2012

Pacific Drilling Announces Five-Year Contract for the Pacific Sharav

Pacific Drilling S.A. (NYSE: PACD) announced today that its ultra-deepwater drillship the Pacific Sharav has been awarded a five-year contract by Chevron U.S.A. Inc. for operations in the United States Gulf of Mexico. Estimated maximum contract revenue, including mobilization and client requested modifications, is expected to be approximately $1,076 million, bringing Pacific Drilling’s total contract backlog as of June 22, 2012, to approximately $3.2 billion. Pacific Drilling CEO Chris Beckett stated, “We are proud to announce the expansion of our relationship with Chevron to include a third drillship. This contract exemplifies our strategic commitment to building strong customer relationships and allows us to leverage the operations support infrastructure which we have already developed in the region.” Pacific Sharav is scheduled for delivery by Samsung Heavy Industries in Korea in the fourth quarter of 2013, upon completion of construction and client requested modifications. The drillship will be capable of operating in water depths of up to 12,000 feet and drilling wells up to 40,000 feet deep.

15 Nov 2012

Pacific Drilling Announces Contract for the Pacific Khamsin

Pacific Drilling S.A. (NYSE: PACD) announced today that its ultra-deepwater drillship the Pacific Khamsin has been awarded a contract by a wholly-owned indirect subsidiary of Chevron Corporation for operations in West Africa. The minimum duration of the contract is for an initial two-year term, with contract commencement expected by end of the third quarter of 2013. The contract provides for an option, to be exercised at the client’s discretion prior to shipyard delivery of the drillship, which could result in an additional year of contract term. Estimated maximum contract revenues related to the initial two-year term, including mobilization and demobilization, are expected to be approximately $527 million, bringing Pacific Drilling’s total contract backlog as of November 15, 2012, to approximately $3.4 billion. Pacific Drilling CEO Chris Beckett stated, “We are proud to announce the further expansion of our relationship with subsidiaries of Chevron Corporation to this fourth drillship. This contract exemplifies our commitment to providing quality drilling operations for our clients and allows us to leverage the operations support infrastructure which we have already developed in the region.” Pacific Khamsin is scheduled for delivery by Samsung Heavy Industries in Korea in the second quarter of 2013. The drillship will be capable of operating in water depths of up to 12,000 feet and drilling wells up to 40,000 feet deep.

9 Apr 2013

Pacific Drilling Announces Exercise of Option to Extend the Pacific Scirocco for One Year

Pacific Drilling S.A. (NYSE: PACD) announced today that a subsidiary of Total S.A. has elected to exercise a one-year option to extend the firm contract term for the Pacific Scirocco to January 2015. The contract provides for a further option, to be exercised at the client’s discretion by April 7, 2014, which could result in two additional years of contract term at a higher dayrate. The additional one year term increases the drillship’s backlog by approximately $180 million, bringing the company’s total contract backlog as of April 9, 2013, to approximately $3.4 billion. The additional extension for two years would add a further $364 million backlog if exercised.

3 Sep 2013

Pacific Drilling Receives Delivery of Its Ultra-Deepwater Drillship the Pacific Khamsin

Pacific Drilling S.A. (NYSE:PACD) announced today that it has taken delivery of its newest drillship, the Pacific Khamsin. The drillship is scheduled to begin mobilizing tomorrow to Nigeria, where it will commence a two year drilling contract. Pacific Khamsin, which features the most advanced drilling technology in the offshore drilling industry, including dual load path capability and dual drilling fluid systems, is capable of operating in water depths of up to 12,000 feet and drilling wells up to 40,000 feet deep.

10 Aug 2011

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.

16 Jul 2014

'Pacific Bora' contract extension dayrate decreased

In the latest version of its monthly fleet report, released on the 15th July 2014, Pacific Drilling has announced a reduction in the dayrate for the ‘Pacific Bora’ drillship. The unit, which is expected to begin a two year extension of its current contract with Chevron in Nigeria on the 26th August 2014, is now expected to garner a dayrate of USD585,860 compared to the previously anticipated rate of USD615,000. Whilst the rate has been slightly reduced, it will be the second largest rate earned by an operational Pacific Drilling drillship behind the ‘Pacific Khamsin’s’ current rate of USD660,000.

Return to news list