Houston-headquartered Atwood Oceanics has been awarded a contract extension, at an adjusted rate, from Noble Energy for drillship Atwood Advantage.

Noble Energy extends drillship contract with Atwood Oceanics

The extension agreement is effective November 9, and the drillship will be used for the plugging and abandoning of a four well program in the Gulf of Mexico.

The work is expected to take 120 days during the contract term, and will take place in 2016, with the extended contract now expiring in August 2017. The adjusted operating day rate of the vessel will be around $240,000 per day. The extension follows a recently announced nine-month extension by Mubadala Petroleum for the use of jackup, Atwood Orca.

Source: ir.atwd.com