Petroleum Africa
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Monday, December 12, 2011
Atwood Oceanics' Atwood Aurora will be staying offshore West Africa. The company said that the rig had been awarded a drilling services contract by a subsidiary of Bowleven for work offshore Cameroon.
The day rate for work offshore Cameroon will be approximately $134,000, with contract commencement expected in May 2012 in direct continuation of its current contract. The award has an estimated firm duration of 120 days plus a one well option at the contract day rate if exercised by December 31, 2011, or at $139,000 if exercised by March 31, 2012.
With the award of this contract, the firm contractual commitments for the Atwood Aurora are expected to extend through October 2012.
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