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Jul 13, 2010 1:58 PM by Letitia Walker

Rig Relocates From Gulf of Mexico

Diamond Offshore Drilling has pulled another rig out of the Gulf of Mexico due to the deepwater petroleum drilling moratorium.

      The Houston-based company said that it has ordered the Ocean Confidence rig to the Republic of Congo. The rig departed the Gulf over the weekend.

      Diamond Offshore said it rewrote a drilling contract with Murphy Exploration and Production Co. Its current contract with Murphy was changed to a one-year commitment in the Gulf that will begin when Murphy is confident it can get permits to drill.

      In exchange, the companies signed a new agreement to drill off the coast of the Republic of Congo. 

      Last week, Diamond Offshore said it was moving another Gulf rig to Egypt.

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