Diamond Offshore’s Ocean Monarch to Leave Gulf of Mexico for BP

16 June 2011 (Last Updated June 16th, 2011 18:30)

Diamond Offshore's deep-water Ocean Monarch will leave the Gulf of Mexico to work for BP in Vietnam. The rig is working for Marathon Oil on a day rate of about $290,000 and will earn $340,000 per day on a three-month contract with BP. Once Ocean Monarch leaves, Marathon will h

Diamond Offshore’s deep-water Ocean Monarch will leave the Gulf of Mexico to work for BP in Vietnam.

The rig is working for Marathon Oil on a day rate of about $290,000 and will earn $340,000 per day on a three-month contract with BP.

Once Ocean Monarch leaves, Marathon will have only one rig left in the nearby waters.