Pacific Drilling (PACD +3.1%) says its ultra-deepwater drillship Pacific Sharav has been awarded...

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

Pacific Drilling (PACD +3.1%) says its ultra-deepwater drillship Pacific Sharav has been awarded a five-year contract by Chevron (CVX) for operations in the Gulf of Mexico. Estimated maximum contract revenue is $1.07B, bringing PACD's total contract backlog to ~$3.2B.