Pacific Drilling (PACD) +4.4% AH after announcing it has exercised an option to "construct its...

|About: Pacific Drilling SA (PACD)|By:, SA News Editor

Pacific 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.