Total Extends Drilling Contract for Pacific Scirocco Drillship

Drilling contractor Pacific Drilling S.A. has announced that 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.

Related:  Pacific Scirocco Drillship Begins Work in Nigeria

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.

The Pacific Scirocco is capable of operating in water depths of up to 12,000 feet and drilling wells 40,000 feet deep.

Press Release, April 10, 2013

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