Chevron Extends Contract for Atwood Osprey (Australia)

Chevron Extends Contract for Atwood Osprey

ATWOOD OCEANICS said that one of its subsidiaries has been awarded a three year contract extension by Chevron Australia, for the semisubmersible Atwood Osprey.

The Atwood Osprey commenced its initial three year drilling services contract with Chevron on May 27, 2011 for operations offshore Australia inclusive of the Greater Gorgon field development project. With this contract extension, the Atwood Osprey is now committed through May 2017.

The operating day rate for the initial three year period remains unchanged. The operating day rate at the start of the extension period is estimated to be approximately $470,000, exclusive of the total cost escalation adjustments which occur during the initial term and will be additive to the operating day rate during the extension period. The contract provisions during the extension period provide for continued annual cost escalation adjustments, enhanced rig equipment maintenance and repair time allowances, and other adjustments to the initial contract’s terms and conditions.

LNG World News Staff, April 24, 2012; Image: Jurong Shipyard

 

Share this article

Follow LNG World News

Events>

<< May 2016 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

CWC’s 14th World LNG Series: Americas Summit & Exhibition

The World LNG Series: Americas Summit & Exhibition, now in its 14th year, is the forum of choice…

read more >

Colombia Oil & Gas Conference

The event is a platform for national and international players to meet with Colombian government representatives…

read more >

LNG Fuel Forum North America

LNG Fuel Forum North America highlights marine LNG fuel supply, regulation and conversion experiences…

read more >

APPEA Conference & Exhibition 2016

The APPEA Oil and Gas Conference & Exhibition is the largest annual upstream oil and gas event in the southern hemisphere…

read more >