Pacific Drilling, Samsung Heavy Agree to Extend Option for New Drillship

Pacific Drilling S.A. announced that one of its subsidiaries has reached an agreement with Samsung Heavy Industries to extend until February 17, 2012 an option to construct a seventh ultra-deepwater drillship.

Under the revised terms of the option agreement, the delivery of the drillship will be no later than May 17, 2014. The commercial terms of the option agreement are unchanged.