Oil & gas exploration company Hyperdynamics has signed a letter of award with drilling contractor Pacific Drilling to employ the Pacific Bora drillship.
The drillship will be deployed for a drilling campaign offshore the Republic of Guinea in the second quarter of 2017. The contract allows Hyperdynamics to extend to include as many as three further follow-up wells at the same terms and conditions.
The Pacific Bora recently completed a long-term contract for a major American multinational energy company offshore Nigeria and it is expected to arrive shortly before the company’s target spud date for the Fatala 1 well.
The chartering rate of the drillship is $225,000 per day and the agreement is subject to a definitive contract being signed no later than November 29.