Diamond Offshore Drilling, Inc. today announced that the Company’s bid to purchase the new-build, 10,000-foot, dynamically positioned semi-submersible offshore drilling unit PetroRig I has been accepted by Jurong Shipyard Pte Ltd. The Company is working diligently to conclude the purchase which is expected to close on or about June 25, 2009. Additional details will be provided at that time.
Diamond Offshore President and Chief Executive Officer Larry Dickerson noted that “the transaction is in keeping with the Company’s long history of opportunistic rig acquisitions. We believe there are multiple opportunities to employ this highly capable rig in our pursuit of future deepwater projects.”
Diamond Offshore provides contract drilling services to the energy industry and is a leader in deepwater drilling. Additional information on Diamond Offshore and access to the Company’s SEC filings is available on the Internet at www.diamondoffshore.com.
Statements contained in this press release which are not historical facts are “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are inherently uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by management of the Company, including, among others, the risk that a purchase and sales agreement will not be converted to a contract. A discussion of additional important risk factors and other considerations that could materially impact these matters as well as the Company’s overall business and financial performance can be found in the Company’s reports filed with the Securities and Exchange Commission and readers of this release are urged to review those reports carefully when considering these forward-looking statements. Copies of these reports are available through the Company’s website www.diamondoffshore.com. Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Any such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based.
Contact:
Diamond Offshore Drilling, Inc.
Director, Investor Relations
Les Van Dyke, 281-492-5370
source: yahoo
Diamond Offshore President and Chief Executive Officer Larry Dickerson noted that “the transaction is in keeping with the Company’s long history of opportunistic rig acquisitions. We believe there are multiple opportunities to employ this highly capable rig in our pursuit of future deepwater projects.”
Diamond Offshore provides contract drilling services to the energy industry and is a leader in deepwater drilling. Additional information on Diamond Offshore and access to the Company’s SEC filings is available on the Internet at www.diamondoffshore.com.
Statements contained in this press release which are not historical facts are “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are inherently uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by management of the Company, including, among others, the risk that a purchase and sales agreement will not be converted to a contract. A discussion of additional important risk factors and other considerations that could materially impact these matters as well as the Company’s overall business and financial performance can be found in the Company’s reports filed with the Securities and Exchange Commission and readers of this release are urged to review those reports carefully when considering these forward-looking statements. Copies of these reports are available through the Company’s website www.diamondoffshore.com. Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Any such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based.
Contact:
Diamond Offshore Drilling, Inc.
Director, Investor Relations
Les Van Dyke, 281-492-5370
source: yahoo
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