Monday, June 8, 2009

Diamond Offshore Drilling's bid for new drilling unit accepted

Diamond Offshore Drilling Inc. said Monday that its bid to buy a new offshore drilling unit was accepted by a Singaporean shipyard.

Diamond Offshore will acquire the 10,000-foot semi-submersible drilling unit PetroRig I in the deal with Jurong Shipyard Pte Ltd. Diamond Offshore did not provide details of the purchase, which is expected to close on June 25.

Shares of Diamond Offshore rose 79 cents to $88.03 in afternoon trading.

source: yahoo

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