Friday, January 31, 2025
Diamond secures over $50 million backlog with new North Sea extension - oilandgas360

Diamond secures over $50 million backlog with new North Sea extension

Off Shore Energy During 2019, the company secured $620 million of backlog, including over $50 million secured in the fourth quarter related to a 12-month extension for the Ocean Patriot in the North Sea. Namely, the 1982-built Ocean Patriot semi-submersible has been awarded a term extension with Apache in the UK North Sea. Under the extension, the rig’s contract is