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Pacific Drilling (PACD) +4.4% AH after announcing it has exercised an option to "construct its...
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Friday, March 16, 2012, 6:04 PM ETPacific Drilling (PACD) +4.4% AH after announcing it has exercised an option to "construct its seventh ultra-deepwater drillship with Samsung Heavy Industries." The ship is expected to cost roughly $600M, and be delivered in May 2014. Pacific will pay for the ship using a combination of debt and cash flows from operations.
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