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Saturday, May 07, 2011 11:20:15 AM
Pacific Drilling receives a Letter of Award from Total in Nigeria/
LUXEMBOURG, May 2, 2011 - Pacific Drilling S.A. (NOTC: PDSA) announced today that their latest generation drillship, the Pacific Scirocco, has received a Letter of Award from Total E&P Nigeria Limited, subject to completion of formalities with relevant government agencies in the near future, to perform exploration and development work in Nigeria. The minimum duration of the award is for a one-year initial term at a dayrate of $470,000 plus mobilization and client requested upgrades. The agreement further contemplates two one-year options at Total’s discretion
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