Kosmos Energy: Rig contract

Kosmos Energy has signed a long-term rig agreement with Atwood Oceanics for the Atwood Achiever drillship. The rig is under construction in South Korea, due for completion in June 2014, and is expected to start drilling operations in H2 2014. The agreement covers an initial three years at a day rate of $595,000, with an option to extend the contract for an additional three-year term. In addition to the Atwood Achiever, Kosmos is looking for another rig for exploration drilling in Q1 2014, including a planned well offshore Morocco.