Diamond Offshore Drilling Inc., also known as DO, announced that it has signed a two-year contract extension with a bp subsidiary in the U.S. Gulf of Mexico. This agreement involves the Ocean BlackHornet and is set to begin in February 2025, immediately following the current contract's expiration. This contract extension represents an additional backlog of approximately $350 million.
Diamond Offshore also highlighted that this grant, in conjunction with the recent Ocean BlackLion award, significantly contributes to its backlog for 2025 and 2026 as well as future cash flows.
