Order for ultra-deepwater drillship

Diamond Offshore Drilling, Inc., Houston, announced that a subsidiary, Diamond Offshore Drilling Limited, has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled for late in the second quarter of 2013.

Diamond Offshore has also obtained from Hyundai a fixed-price option for the purchase of a second drillship which the Company has the right to exercise at any time before the end of the first quarter of 2011.

The dynamically-positioned drillship will have a seven ram blow-out preventer, dual activity capability, five mud pumps and a maximum hook-load capacity of 1,250 tons. The unit will be designed for operations in up to 3650 m of water.

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