Jul 13, 2010 1:58 PM by Letitia Walker
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.
1 hour ago