Parker Drilling Announces Contract for Barge Rig 55B
March 21 2014 - 4:35PM
PR Newswire (US)
HOUSTON, March 21, 2014 /PRNewswire/ -- Parker Drilling
Company (NYSE: PKD) today announced it has contracted its barge
drilling rig, Rig 55B. Featuring advanced equipment and performance
enhancements, the rig is being introduced to the Company's fleet to
bring additional capabilities to the Gulf
of Mexico barge market. The rig has been contracted to
Chevron U.S.A. Inc. for four wells
with an expected term of 120 days at a dayrate of $50,300. The contract is expected to commence
before the end of the 2014 second quarter. This information is
being provided to analysts and investors in conjunction with the
company's March 22 barge rig and
rental tools facility tour program. Copies of key materials
made available during the program are posted on the Company's
website. They may be found in the Investor Relations section of the
website at www.parkerdrilling.com.
Parker Drilling (NYSE: PKD)
provides contract drilling and drilling-related services and rental
tools to the energy industry. The Company's drilling business
serves operators in the inland waters of the U.S. Gulf of Mexico utilizing Parker's barge rig
fleet and in select U.S. and international markets and
harsh-environment regions utilizing Parker-owned and customer-owned
equipment. The Company's rental tools business supplies premium
equipment and well services to operators on land and offshore in
the U.S. and international markets. More information about
Parker Drilling can be found on the
Company's website at www.parkerdrilling.com.
SOURCE Parker Drilling Company
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