Pacific Drilling S.A. (NYSE: PACD) announced today that one of its
subsidiaries has reached an agreement with Samsung Heavy Industries to
extend, until December 15, 2012, its existing option to construct an
eighth ultra-deepwater drillship, on substantially the same commercial
terms, with delivery scheduled for the first quarter of 2015.
About Pacific Drilling
With its best-in-class drillships and highly experienced team, Pacific
Drilling is a fast growing company that is committed to becoming the
industry’s preferred ultra-deepwater drilling contractor. Pacific
Drilling’s fleet of seven ultra-deepwater drillships will represent one
of the youngest and most technologically advanced fleets in the world.
The company currently operates four recently delivered drillships under
customer contract and has three drillships under construction at
Samsung, one of which is under customer contract. For more information
about Pacific Drilling, including our current Fleet Status, please visit
our website at www.pacificdrilling.com.
Statements regarding the estimated duration of option extensions and
other statements that are not historical facts in this press release are
forward-looking statements and are subject to certain risks,
uncertainties and assumptions and consequently actual results may differ
materially from those indicated or implied by such forward-looking
statements. Forward-looking statements speak only as of the date they
are made, and we undertake no obligation to publicly update or revise
any of them in light of new information, future events or otherwise.
Source: Pacific Drilling S.A.