Le Lézard
Classified in: Oil industry, Business
Subject: CON

Aquadrill Announces Charter Hire Agreement for the Capella


LONDON, Nov. 22, 2022 /PRNewswire/ -- Aquadrill LLC ("Aquadrill" or the "Company") and a subsidiary of Vantage Holdings International (the "Manager") have reached an agreement to provide the Capella, an MPD outfitted 6th generation drillship, for a four firm well contract plus two priced and three mutually agreed optional wells for operations in Indonesia.

The total contract value for the firm portion of the contract is expected to be approximately $138 million. Work is expected to commence in early May 2023 and to run until mid-April 2024.

In the event the priced options are exercised, the rig is expected to be available in early September 2024 and the total additional contract value is expected to be approximately $56 million.

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, contracts, agreements, changes and trends in its business and the markets in which it operates. The duration, timing (including both starting and ending dates) and total contract value of customer contracts and any related agreements are estimates only. The actual total contract value over the course of any given contract or agreement may be lower and could be substantially lower, depending on a number of factors (cancellation, suspension, delays, rig downtime, etc.). These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks (some beyond the control of the Company), uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward looking statements, you should keep in mind the risks described from time to time in the Company's regulatory filings and periodic reporting. The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement

CONTACT:

aquadrill@aquadrilloffshore.com

SOURCE Aquadrill LLC


These press releases may also interest you

at 02:18
Aker BP will publish its financial report for the fourth quarter 2022 on Friday 10 February 2023. The company issues this trading update to summarize its production and sales volumes and related topics for the quarter. Aker BP produced 432.0 thousand...

at 00:00
Sungrow, the global leading inverter and energy storage system solution supplier, signed a strategic distribution agreement for PV inverter solutions with the reputed Al-Babtain Leblanc, further facilitating Saudi Vision 2030 ambitions to accelerate...

26 jan 2023
Today, Leading Light Wind, the...

26 jan 2023
The "South African Diesel Genset Industry, Outlook 2025" report has been added to  ResearchAndMarkets.com's offering. South Africa is arguably sub-Saharan Africa's most developed economy and home to the region's largest energy sector. However, the...

26 jan 2023
ALLY Energy invites energy executives, business leaders, decision makers, and ALLY corporate members to attend the "Krewe de ALLY" Annual Meeting on Thursday, Feb. 16 from 9 a.m. to 2 p.m. CT at the Greater Houston Partnership. ALLY also welcomes...

26 jan 2023
Darling Ingredients Inc. , today announced that long-time board member Mary Korby has informed the board that she plans to retire, effective at the company's 2023 Annual Meeting of Stockholders. Ms. Korby will remain a director and maintain her...



News published on 22 november 2022 at 13:22 and distributed by: