good and Douglas, everyone. you, morning, and afternoon, Thank good
our moving legacy more ones. have where XXXX calls, day drilling contracts is rate been and have year from I As earnings higher previous focusing reconstructing on at during we to profitable rigs stated the
per and shallow Morocco with with in rate, We especially new with the total day mobilization strong Egypt fee successful new and at day. XXX commenced in contract rate driller ENI and contract the the started its previous from Indonesia more day $XXX,XXX Medco double the relocated day water where than have Sohana of the a been
the [ top healthy received for Asia we letter mobilization to in the involves In upgrades, day a rates. of Southeast have a time, marketability at addition, upgrades. now rig of paid enhance and driller fee more for in contract X-year day ] future award rates, rigs The us higher upfront investments profitable which, transition to contracts same certain our and enable at achieve the for
you three, the achieving operational corporate and which one, excellent and through stakeholders' As our returns. guide fleet always operate #X in contracting as latest And our maintaining safety of: our of license performance, with do, relation I corporate goal begin is to usual, higher performance; goals two, stellar as daily at a I and safety company. stellar I will our operational will to rates; now progress maintaining
remain In Perfect crews focused managed vision and our owned, coaching QX, on delivering and mentoring our Day across fleets. we Everyday supported training, by consistently our
X support overwhelming During with through and program Contractors the that performing of reintroduction our Perfect Association feedback campaign worldwide with on their of notable operations, new during training the media by years Soehanah top behavioral-based the quarter recognized One recordable continued Day Leadership International clients. achieving was positive from from all the we across was which Drilling a accomplishment social incident, without rigs. the very quarter, have our participants
health. to Shifting
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pandemic operations. the processes safe our serve of the minimizing crews we some to adopted height uptick cases has keeping in the there continue and world the countries been onboard in our rigs, disruption COVID-XX around some us cases and during to While new well, the
are to by the starting on value heart we Finally, while our the our goals. sustainability is in stakeholders environmental, preparing future we long-term continue and to for to creating focusing XXXX at XXXX X look of the strategy, implement governance. Sustainability social of our areas
we emissions our our waste environmental and focus reducing continue better side, our efficiencies. our managing usage, GHG on fuel On and usage water the improving
On the continue social which diversity, any focus we value core on our side, industry-leading to brings business. for clear is us that to a benefits
due lower-than-usual to sea that trials to at focus in middle Explorer system the governance to regions recommendation. fleet The maintain mandatory for came jack-up and during Finally, positioning the of Revenue days its a periodic we needed XX.X%. to and contract, the where efficiency maintenance operations. the revenue Tungsten in regular place ethical mainly the take addition for XX%, dynamic all to and fleet XX.X% quarter we the planned ended at always, operate to on deepwater at efficiency special the fleet as operate upgrades the and continue and of and where XX standards in require issues. to Switching repairs strong highest the through the third was governance training survey was Soehanah
which Now second to higher I through you of fleet corporate ties our goal will securing directly walk status, our rates. day
Morocco quarter, Driller its with Petrobel in the Egypt early commence contract expected directly third rig its Foxtrot. for contract, ENI continue Topaz under Upon rig Morocco, the a move The in contract drilling of Ades is where Derik bareboat operations this working December. to Ivory since until mobilized to next will with for has there the completed Coast rig completion and Egypt. the to charter During
unpriced X my Asia in received a months has in opening the now of Driller letter Topaz a for mentioned As award Southeast of campaign options. remarks, with X-year
After first commencing day, will preparation it Coast a undergo to Southeast rig concluding will quarter during mobilize Ivory carrying comprehensive XXXX. Foxtrot Asia, the campaign the upgrades contractual QX shipyards XXXX, where operations and in in of out for its for
paid the We once upgrades day the the announce rate, is of the and fee value will signed. contract contract mobilization for
to Driller continued were The built day future to bring under as competitors to Topaz rig higher in around XXXX. Also, the my years which busy contract, achieve later. month they contractual in and levels returned upgrades until maintenance drilling that carrying these delivered enable the Indonesia spending upgrades. rates late as the will be mentioned to rigs operations comparable and latest The a Soehanah to opening remarks, us after recently in shipyard will active it Medco out specifications keep
is Moving well XXXX. work the to the the fleet. under deepwater to The Explorer rig progress for through term India continues subject working provision, of contract ONGC into XXXX fourth Platinum keep X-year to quarter to its which early expected in the
Upon a months. to planned service expected out the contract, of of into rig enter will completion approximately period X of this the take
maintenance, where thrusters, of more obtained future conduct requirement. the tenders. a a and recertification scheduled rig By X-ram BOP During cavity equipment Explorer BOP in upgrading participating BOP. Indeed, the to rig's eligible in is a upgrade to X-ram, WLP will be this will continues a change currently to time, become Platinum X-ram we mandatory is to participate and number actively tenders marketed the
additional until well will the in the have The the rig available exercised late active in pleased with to optional which Tungsten Explorer feet with also work the exercised, drilled during the QX duration since a in XXX option, XXXX, keeping region Namibia. water keep days into QX still total in complex the be client XXXX. to exploration commenced has potentially quarter second or Namibia successfully early contractual on TotalEnergies second and that rig busy of well also I'm confirm third XX,XXX a
backlog at approximately million. the of $XXX second end was Our the quarter
additional During the option. Explorer Tungsten we with million of secured quarter, $XX execution the backlog second of above-mentioned the
with securing Capella for now business. under has services mobilized with the well now I first managed drilled in contract, shared Mubadala of result in and turn XXXX. the was the The rig the priced exercised successfully management which well options in under Indonesia quarter exercised The This drilling third Vantage option, Mubadala to with our XXXX and well completed remaining, discovery rig ENI energy. with commenced and remaining for managed client will Indonesia additional until country. has well pressure its on the could Mubadala drilling the first gas X hardware the if significant with its into its rig term operation. a was thereby first
ONGC will Polaris we mutually which the to a Seadrill This time rig year. after expected of to to back place. XXXX, the continues at to in agreed for conclude and the in work hand is which, India, end take around expected safely The is place
world of Explorer. are by of drilled Driller, presentation Capella We the proud these our are where Rystad, time. XX X and the of wells that noted our Tungsten most excellent being We rigs the rigs. at recent the a being Topaz The as the Vantage-operated in were using performance clients. drilled mentioned industry important wells that they In
still utilization to evident be long a believes long-term underway the despite up recently Moving tenders in the to multiyear dynamics the XXXX, and soon industry widely white by about spaces market expected ones the robust and cycle, talked lead the opportunities launched. and in
to committed strategy, utilization are resolute a rates pursuing in for we benefit accretive We our while of remain the of stakeholders. level maintaining high day our and
of I stakeholders' returns. our goal third will corporate achieving excellent to now move
from contracts to contracts As I mentioned legacy reflecting higher rates day rigs our market. the earlier, are moving at improved
by prefunded be these large rates covered new of increased which as well cash million investments, post position, a contracts. extent contract we of quarter $XX.X contracts of In cash in ended the managed million upfront services our a client Some and the regard as actual cash. million cash restricted to a of with $XX.X balance commitment to will cash involve $X.X day reimbursements including
contracts managed remain in to future in profitable we with us cash like the the our million. to the turn stakeholders. strong million In safety This that, I would mobilization objectives was exclusive take $X our previous through quarter, approximately long-term due the call to short, from drilling was Topaz outstanding the Rafael quarter, over performance to With numbers. and services Driller focused third primarily the of of of to pursuing $X.X The fee associated to Morocco. delayed approximately to deliver collection corporate returns cash the on decrease prefunded
