Although the final details are being worked out and the contract is "in the bag", it actually has not been signed yet.
The current contract expires Dec.31, so TAS has granted a 30 day extension (at the new terms) to allow for last minute revisions.
The new contract is for 5 years with an option of 2 one year extensions.
The new contract is divided up into 2 segments, pre-Nakon and post Nakon.
Pre-Nakon will be for 4-S76's C+ or C++'s and one S61
Post-Nakon will be for 7-S76 C++'s
The move to Nakon has been tentatively set for Feb. 2010
The reason for this? As another poster mentioned, the price of oil.....Chevron Thailand told to par down their costs and also Chevron will be reducing the number of rigs in the gulf, so no need for as many a/c.
Good news for all the staff and crews at TAS. Congrats to all.