DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT

Provided By PR Newswire

Last update: Jul 18, 2024

HOUSTON, July 18, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has entered into a contract with BOE Exploration & Production LLC for the Ocean BlackRhino for work in the U.S. Gulf of Mexico. The Ocean BlackRhino was awarded a contract with a minimum duration of 180 days for a total value of approximately $89 million, excluding mobilization and any additional services. The contract also includes two additional option periods. Work under the new contract is expected to commence late in the first quarter or early second quarter of 2025.