Hyperdynamics has announced the signing of a definitive drilling services contract with Pacific Drilling to employ the Pacific Bora drillship.

The offshore oil exploration company intends to use the drillship for a drilling campaign offshore the Republic of Guinea, starting in Q2 of 2017.

This definitive drilling services deal comes after a letter of award signed by Hyperdynamics in October with Pacific Drilling, Offshore Energy Today reports.

“Since the signing of a preliminary Letter of Award with Pacific Drilling a month ago, we have also achieved several other crucial milestones that will enable us to begin drilling the Fatala-1 prospect this spring. We are continuing to hold discussions with prospective working interest partners, including major multinational energy companies and independents, to share project-related costs and risks and to enhance project technical competencies. We are also exploring options to raise equity through a share offering,” said Ray Leonard, Hyperdynamics President and Chief Executive Officer said.

According to the company, the drillship is currently located in West Africa and is expected to arrive shortly before the spud date for the Fatala-1 well.

Anita Fatunji