HOUSTON, Dec. 14 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC)
reported today that it had entered into a contract with Vastar Resources, Inc.
(NYSE: VRI) for the provision of a new generation dynamically positioned
semi-submersible drilling rig, the "RBS8D." The contract was entered into
pursuant to the previously announced letter of intent between the parties.
The contract has a primary term of three years at an operating dayrate of
$199,950 with five one-year options. In addition, Vastar may elect to extend
the primary term to five years, in which case the dayrate would be between
$189,200 and $199,200, depending upon when the primary term is extended, with
three one-year options.
SOURCE R&B Falcon Corporation
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http://www.rbfalcon.com
Company News On-Call:
http://www.prnewswire.com/comp/118988.html or fax,
800-758-5804, ext. 118988
CONTACT:
Leighton E. Moss of R&B Falcon Corporation,
281-496-5000
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