HOUSTON — Diamond Offshore Drilling, Inc. announced Thursday that it has executed a two-year contract extension with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the U.S. Gulf of Mexico for the Ocean BlackHawk, commencing in November 2024 in direct continuation of the rig’s current contract.
This contract extension represents approximately $350 million dollars of additional backlog, excluding any managed pressure drilling services, and replaces the one-year priced option that was agreed in May 2023. Anadarko retains three one-year unpriced options.
“This extension is a testament to the safe performance of our crews and provides further visibility to our earnings and cash flow streams for 2025 and 2026. Combined with our previous awards, this brings our total contract backlog to approximately $2.1 billion,” Bernie Wolford, Jr., President and Chief Executive Officer, said.
About Diamond Offshore
Diamond Offshore is a leader in offshore drilling, providing innovation, thought leadership and contract drilling services to solve complex deepwater challenges around the globe. For additional information and access to the company’s SEC filings, go to http://www.diamondoffshore.com/.
Source: Diamond Offshore Drilling, Inc.
