Diamond secures new contract for 'Ocean Quest'
Diamond Offshore’s (Diamond) midwater semisub the ‘Ocean Quest’ has been contracted for a 10-well contract in Vietnam with Petrovietnam Exploration & Production (PVEP). The unit is expected to begin work in late April 2014, garnering a dayrate of US$198,900 for the contract, which runs into December 2014. The ‘Ocean Quest’ has been stacked in Malaysia since the end of November 2013, following on from the termination of its previous drilling contract with OGX in Brazil. Diamond also announced the signing of a single well contract for the ‘Ocean Monarch’ in Indonesia with Total, alongside two 1-well extensions for the ‘Ocean Saratoga’ and ‘Ocean Princess’.