Pacific Drilling Scores USD 536 Million Contract for Pacific Mistral (Brazil)

Pacific Drilling S.A. 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 [...]