HOUSTON, August 31, 2022 /PRNewswire/ — Diamond Offshore Drilling, Inc. DO announced today that Inpex Operations Australia Pty Ltd has entered into an agreement to use the Ocean Top for work on the north-west shelf of Australia. The new two-hole contract is expected to commence in the fourth quarter of 2023 as a direct follow-up to the previous drill rig contract and will result in results in combination with previous previously announced awards Ocean Top be fully retracted Australia until the end of 2024.

Diamond Offshore also announced that it has contracted with BOE Exploration & Production LLC for the Diamond-managed drillship Vela for work in the US Gulf of Mexico. That Vela received an order with a minimum term of 225 days and a total value of approx $88 million. The contract also includes options for up to five to seven additional wells. Work under the new contract is scheduled to begin in the first quarter of 2023.

ABOUT DIAMOND OFFSHORE
Diamond Offshore is a leader in offshore drilling, providing innovation, thought leadership and contract drilling services to solve complex deepwater challenges around the globe. Additional information and access to the Company’s SEC filings are available at http://www.diamondoffshore.com/.

FORWARD LOOKING STATEMENTS
Statements contained in this press release that are not historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements that may forecast, indicate or imply future results, events, performance or achievements, including statements regarding future financial results; expectations regarding the Company’s plans, strategies and opportunities; expectations regarding the company’s business or financial prospects; Expected utilization, daily rates, revenues, operating costs, rig…