Wednesday, October 29, 2008

New contract for Diamond Offshore's Ocean Valiant

Deep water semi Ocean Valiant has been awarded a two year contract with Total in offshore Angola with a day rate >$600 000. That is an increase of more than 40% or $200 000 a day from Ocean Valiant's previous contract(dr $420k).

Deep water day rates are supprisingly strong, considering the drop in oil prices.

Diamond Offshore Drilling, Inc. Announces Third Quarter 2008 Results; Also Reports New Deepwater Contract

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