Diamond Offshore Revenue Beats Estimates
Diamond Offshore Drilling Inc's fourth-quarter revenue beat analysts' estimates on Monday, helped by higher demand for its ultra-deepwater rigs. The company's revenue from its ultra-deepwater rigs rose more than 24 percent to $288.28 million in the fourth quarter. Total revenue fell nearly 12 percent to $346.21 million, but beat analysts' estimate of $331.91 million, according to Thomson Reuters I/B/E/S. "Although market conditions continue to be challenging, we were able to secure additional work for the Ocean Valor and Ocean Valiantā¦
Drilling Rig Delivered in Las Palmas
Fairmount Marineās tug Fairmount Summit has delivered rig Ocean Valiant safely in the port of Las Palmas, Canary Islands. Fairmount Summit has towed the rig from offshore Cameroon over a distance of almost 3,000 miles. The Ocean Valiant is a semi-submersible drilling rig owned by Diamond Offshore Drilling Inc., headquartered in Houston, U.S. The 1988 build rig is 122 meters long, 71 meters wide and 37 meters high, is capable to drill up to 10,000 meters deep and can accommodate 140 persons.
Diamond Offshore Meets Requirements
ABS recently awarded Diamond Offshore Drilling, Inc. an International Safety Management (ISM) Document of Compliance certificate. The ISM certification is a requirement of the United Nations-led International Maritime Organization's (IMO) Safety of Life at Sea (SOLAS) regulation, which became mandatory for all self-propelled offshore drilling vessels operating under member-state flags on July 1, 2002. prevention and the safe management of ship operations. management system designed to protect not only the vessel, but also the offshore personnel and marine environment where the vessel operates. Mexico; and the Ocean Alliance, Ocean Clipper and Ocean Yatzy, each currently operating off the coast of Brazil.
