Saudi Aramco extends deals for two AOD jack-ups

Seadrill AOD I

Asia Offshore Drilling (AOD) has received three-year contract extensions for two jack-up rigs from Saudi Aramco. 

AOD is an associate company of Mermaid Maritime and Mermaid has 33.76 percent equity stake in AOD while the other 66.24 percent equity is owned by Seadrill.

The extension is for two jack-up drilling rigs,  AOD I and AOD II, which are now expiring in June 2019 and July 2019, respectively.

The extensions are in direct continuation of the current contracts and will add approximately $225 million in contract backlog.

These units have been working for Saudi Aramco since 2013 on a three-year contract that contained one extension option.

Both jack-up rigs were built in 2013 by Keppel FELS Shipyard and both have maximum drilling depth of 400 feet.

AOD has another jack-up rig under a three-year contract with Saudi Aramco which is due to expire in October 2016. Mermaid said on Friday that negotiations with Saudi Aramco for contract extension for the AOD III jack-up are still ongoing.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply