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Diamond Offshore Drilling, Inc. reported Q1 2024 results, securing $731 million in contract awards YTD, with a total backlog of $1.9 billion. The Ocean GreatWhite repairs are progressing well, expected back in June. They also secured marketing rights for 3 drillships.
Financially, revenue was $275 million, down from $298 million in Q4 2023 due to equipment incidents and charter expirations. Operational highlights include rigs achieving high revenue efficiency and focus on maximizing cash flow generation.
