have Offshore to XXX the shareholder we its shares your X-year to institutional start has of everyone, on grown liquidity I'd first present significant Since recognizing Stock like the interest York morning Exchange. reached the our or in thank and Kevin. for nearly during afternoon relisting, you that base Good first our and relisting of our New by XXXX. seen anniversary to quarter we trading Diamond quarter, results for in as Diamond investors. Thanks,
operating quarter. the first will I cover financial and Today, highlights for
XXXX commercial quarter Our operational outlook our after as to the I'll the for view successes the on on financials also remainder a for then quarter services. more Dominic achieved well provide the turn detail for as it review first market our our provide quarter. upcoming and and to of guidance over first our of
adjusted driven respectively. the moving $XXX Our EBITDA results for quarter. rate in primarily EBITDA. the were quarter first substantially adjusted were the both higher and These the revenue improvements quarter Ocean by reflect during million, day $XX.X and for and a growth BlackHornet revenue Total million to
quarter one active was our company. The an first for
team's support project Shetlands start-up pleased quarter. commenced the in in operations number the west redelivery during X operation testament and to the report of efficiency rigs that management the us the These delivered its our revenue I'm Ocean our which capability. milestones This region are to team across of the XX.X% our the of fleet environment and harsh give of considering notable completion survey. is GreatWhite, of special efficiency recrews Endeavor following late working important a and March safely
consecutive generation in Senegal in operations we bonus Gulf the performance quarter. and client Mexico, commenced In well-based a drillship a the the utilizing new received U.S. successfully of addition, we seventh for with third Vela,
who Safety dedication Sea. the company's Ocean direct it Patriot. and support the and and Safety Performance of also safety category result Offshore, of chapter, rig hard the demonstrate among U.K. are industry-leading awards for categories in North Offshore the commitment declared women These honor the IADC and Performance the fleet an a all recognized in work We X floating Diamond and as individual to and winner in crew recently the North Sea the the the fleets by the Best won was Our rigs excellence floating men safety active rig, Diamond Best protect in
Finally, Monarch held to decision continuing strategic This shareholder made capital sale. Ocean categorize discipline and as end, determination reflects returns. our at the for on to we quarter our focus maximizing commitment the
Global, XX, tender XXXX, capital expenditures. billion to to rigs Turning months approximately forecast and We cash and to outlook FID market above expect companies, gas by grow its offshore evidence hurdles. the XXXX. production on outlook. well spend the of to constructive was analysts a drilling breakeven XXXX, our maintain factors business sector strong the in Industry oil drilling floating offshore year-over-year XXXX for by and upstream up realized for growing According the XX% flows since new XX oil demand upstream average highest to price $XXX at offshore from our in as by demand recovery XXXX. March CapEx S&P for cycle significant prompted supported ended approaching costs have These continued level continues be
anticipate grow priority market the as pursuit is global as The pivot driving services. our for offshore supply gains momentum. diversity to a We remains a will these of ongoing basins of source the investments further supply further and incremental
capital deployed exploration investment. further Additional extend being cycle for this may appraisal and of
government's where offshore U.K. Starting brownfield Sea. continues EPL would North we profits I like offer The prospects or regarding Next, with to compete. U.K. comments energy levy, impact markets the to the the
offshore shorter-term programs up a U.K. starting or plus of However, 'XX X 'XX. programs starting new in to are later there and this in year next, the significant number early
additional U.K., the contracted unit to XXXX additional Overall, for XXXX. expect we semisubmersible in an and be X in late
a region. leave in rig of the further a of P&A, of back continues the high-specification have a soft work in Australia, to commencing for work Namibia. consortium development further the rigs exploration of will other for a region later materialize. there in rig In XXXX. attractive may relatively Southeast and prompted X emerged in signs Coast to campaign Norway, X a the of the number years Although announcements news years the on offshore offshore work positive likely opportunities and owing XXXX, a This Also, trend in a in the Shelf Northwest of demand mix recent demand demand that add remains has development for award recent areas, contract on with
Southeast late relatively into X this year with X incremental Asia remains demand floaters and for to XXXX. flat
We by key to demand Equatorial West expect driven emerging semisubmersible grow demand modestly India Guinea is growth. West adding and driving semisubmersible in and in X XXXX. the Nigeria. drillship future being Namibia, Africa one is primarily opportunities Africa of X as areas
XXXX, demand activity Ivory in particularly further grow We to demand. region to Africa, Ghana East Coast, by rigs and primarily Angola, is expect to the Equatorial grow for upside expected to X driven by Namibia, by up has the the semisubmersible potential X demand Drillship XXXX. drillship in units in in Mozambique, to Guinea. up
expected modest in semisubmersible XXXX. in is the through see region flat. unit Drillship the be We in Mediterranean demand and increases incremental demand X relatively Sea Black potentially to with
is grow the and through X this South Brazil contributing. the other Suriname Guyana, Latin demand by Golden Colombia of or and South bulk growth. drillship with more driving of America the new demand rigs could corner America, Triangle demand driving In XXXX. is
the to remain rest We region of flat American Latin XXXX. through relatively expect the Mexico and
due units opportunities harsh the region. in likely see Brazil the another wildcard we Africa. West seventh exodus environment of remains program and the upside certain a but semisubmersible to for in success and with generation to the subject X exploration demand America, Canadian potential noting in remain XXXX XXXX. relatively upside incremental and It with Finally, region rates in demand worth biased drillship that flat possibly to one in North is remaining day in
have options Translating not this semisubmersibles growing to in final a X XX A conservatism incremental for units portion is global investment through units and growing drillships perspective start the in-house exercised today. this adverse number already by X of potential allow through reflected XXXX to of the by period. to foresee to decisions, for demand we and tenders and and open in factoring dates, X incremental some demand slippage for demand same we
types. success strength of we These have million X, the rig great contract Yesterday, in we new geographies securing and billion to contracts backlog. new our across Speaking contract additional backlog April $XXX of awards as announced in XXXX. of addition $X.X in reported multiple are the had markets,
now With approach markets, commitments but priced XX%. of not for -- take XXXX to only options, in XX% Offshore's could which these our markets. we This the semi contracted. also marketed reflect capacity awards commitments, we reputation drillship excludes These are strategic have XXXX the our continued now Diamond and to of strength performance the
the Ocean with Starting BlackHawk.
in the including followed mobilization Palmas. a conclusion X-year of Mexico. the Occidental installation secured owned priced in Corporation, X-year system contract after X-year commence of current MPD surveys, Gulf regulatory was of to expected awarded be with option The Anadarko an a the XXXX July, contract to of a and from contract new preparations, subsidiary quarter expected by work a We is U.S. mid-fourth of have Las and with Petroleum wholly early rig's rig
day firm in value, be Total Senegal. at but prior years excluding $XXX operating including $XX,XXX noted the levels a expense reduction drilling any working approximately to as services, base previously expected current its Woodside for be the term utilized of for in is It per that Senegal. to on X campaign should Occidental pressure least rig Ocean in see contract to also million. should compared current managed BlackHawk the mobilization, rig
days contract securing with Diamond total a and U.K. also X-well contract contract of North $XX had XX Sea contracting contract success with approximately estimated Patriot September potential season. in is million. an year. A of the the The and the of duration would Ocean out value rig the new commence negotiation XXXX through in currently winter late expected contracted second fill the to this remaining keep in availability under a
with option value revert the expected commence of the and extension Total we November extension of GreatWhite period. option was rate mid-January and well the exercised with well client. the XXXX, after The contract covering contract after $XX an its commence for initial term. an duration Ocean in its days. the the awarded million early XXX million which Total XX approximately for is is Further, will an in mid-contract estimated expected value the X-well of days current Ocean duration client current completion had approximately to balance contract current by with first contract estimated firm its of wells XXXX is X for is to to Endeavor $XX
improved above to at this Securing wins to X further clients Diamond for the is would day to like and are and There demonstrates shareholders. strength customers options rates securing in for quality employees, delivering value beyond onshore I going priced the our remaining. the all offshore market with and wells backlog. and thank additional team these in up both
in further The global XXXX. strength markets Diamond in continued Offshore upside provides opportunities
working up of currently next late XXXX. Senegal, Ocean with second Our the BlackRhino, offshore anticipated quarter be drillship the availability for repricing will in
great supply, that Asia as of the constrained mentioned, the top-tier demand relatively for we Onyx the Given Southeast are for exist anticipated higher Ocean significantly are continued for is previously for first Ocean projects Also, opportunities pursuing and these secure Commencement Australia. to work the the contract. to current half take multiple place rates opportunities at and drillships BlackRhino in than XXXX. in rig's
Africa call the breadth first quarter, demand to upward over on Growing for will evident. Australia the Dominic I become only substantial providing pressure semisubmersibles of that, returning while opportunities before turn put the continue some West With remarks. the resilience, in depth Brazil, Through drillships rates and concluding and upcycle and to has more day with alike.
