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January 22, 2013
09:02 EDTPACDPacific Drilling subsidiary to construct ultra-deepwater drillship
Pacific Drilling announced that its wholly-owned subsidiary exercised an option to construct its eighth ultra-deepwater drillship with Samsung Heavy Industries. The drillship will have a rated water depth of 12,000 feet, be equipped for 40,000 feet drilling depth, have accommodation for 200 personnel and be equipped to support dual gradient drilling. The total cost, excluding capitalized interest, will be approximately $620M and delivery is scheduled for March 16, 2015. Financing for the construction of this rig is expected to be provided by a combination of cash flows from ongoing operations and long-term debt.
News For PACD From The Last 14 Days
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February 23, 2015
05:23 EDTPACDPacific Drilling backs FY15 revenue efficiency guidance of 92%-96%
Backs FY15 contract drilling expenses guidance of $500M-$525M.
05:22 EDTPACDPacific Drilling backs Q1 revenue efficiency guidance of 91%-95%
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05:21 EDTPACDPacific Drilling reports Q4 EPS 32c, consensus 29c
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