Thailand’s Mermaid Maritime has announced that its associate Asia Offshore Drilling (AOD) had secured a three-year contract extension from Saudi Aramco for jackup drilling rigs AOD I and AOD II, expiring in June 2019 and July 2019 respectively. The extensions are valued at around $225m.
“These units have been working for Saudi Aramco since 2013 and Mermaid is pleased that AOD continue its long term relationship with Saudi Aramco,” Mermaid Maritime said in a release.
AOD’s third jack-up rig AOD III continues to work with Saudi Aramco and its initial three year contract is due to expire in October 2016 with negotiations for contract extension still ongoing, the company said.
AOD is a joint venture between Mermaid Maritime and John Fredriksen’s Seadrill.