Uncategorized

Diamond Offshore sees profit fall, bags two new rig deals

U.S.-based offshore drilling contractor Diamond Offshore booked a smaller profit for the third quarter of the year despite increase in revenues. During the quarter, the driller won two one-well contracts. 

The driller on Monday posted a net income of $10.8 million for the third quarter 2017, a decrease compared to $13.9 million in the prior-year period. When compared to the second quarter of 2017, Diamond’s net income dropped by 32% in the third quarter of the year.

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