Diamond 4Q results: $50mm added to the backlog with extension of the Ocean Patriot

  • By Rig Lynx
  • Feb 10, 2020
  • Category : Archives
  • Views :  

Diamond announced their 4th Q results today:

During 2019, the Company secured $620 million of backlog, including over $50 million secured in the fourth quarter related to a 12-month extension for the Ocean Patriot in the North Sea.

As of January 1, 2020, the Company’s total contracted backlog was $1.6 billion, excluding approximately a $100 million margin commitment from one of the Company’s customers.

Source: Diamond Drilling

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