BP extends drillship contract with Diamond Offshore in Gulf of Mexico

A subsidiary of BP executed a two-year contract extension with Diamond Offshore in the US Gulf of Mexico for the Ocean BlackHornet drillship. The extension, which begins in February 2025, represents approximately $350 million of additional backlog.

“This contract deepens our relationship with a key client in the US Gulf of Mexico and is a testament to the great work the men and women of Diamond do for our customers day in and day out,” said Bernie Wolford, Jr., President and CEO of Diamond Offshore. “This award, along with the recent Ocean BlackLion award, contributes significantly to our 2025 and 2026 backlog and future cash flows.”