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Vantage Drilling Company Message Board

  • chkotime chkotime Jan 15, 2013 6:27 PM Flag

    Ultra deep water day rates !


    Offshore staff
    LUXEMBOURG – Pacific Drilling’s ultra-deepwater drillship Pacific Sharav has received a five-year contract from Chevron U.S.A. for operations in the Gulf of Mexico. Estimated maximum contract revenue is $1.076 billion.

    Pacific Sharav is scheduled for delivery by Samsung Heavy Industries in Korea in 4Q 2013. The drillship will be capable of operating in water depths of up to 12,000 ft (3,658 m) and drilling wells up to 40,000 ft (12,192 m) deep.



    OK "zd" 1.076B / 5 years is $589,589 day rate ... If you look at the PACD web site they have a
    rate of 555,000 for this ship. So I guess the $589K includes commencement and bonus. This is a 6th gen ship. If you look at their ship day rates they range from $450K to $660K. Most PACD ships rates are in the range of 450K and 550K and their ships are all NEW.

    So if WE get a day rate of 570K to 590K ( bonus/commencement included) & a 5 year contract then investors should be real happy! Don't forget we don't even have a DUAL GRAGULANT DRILLING SHIP !

    Sentiment: Strong Buy

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