AOD II

escveritas
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AOD II

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The AOD II is an independent Leg Cantilever Jackup with operational history in the Arabian gulf.

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This is the second rig ordered by Mermaid Maritime's associate Asia Offshore Drilling Limited (“AOD”) from Keppel FELS Limited (“Keppel”) in Singapore.

AOD II was mobilised to the Middle East to commence its drilling contract with Saudi Aramco. The contract, previously announced on 13th March 2013, has a minimum duration of three years plus a one-year option.

The potential revenues for the initial three-year period are approximately USD 197 million plus a mobilisation fee of USD 34 million covering certain upgrades, mobilisation costs, and day rates during the mobilisation period. The said drilling contract is scheduled to commence by end of June 2013.

The rig was recently sold by Seadrill Partners to ADES Arabia, part of a 7 jack up rigs sales amounting to USD 628 Million on 1st September 2022.
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