Pacific Drilling S.A., an offshore drilling contractor, reported net income for third-quarter 2014 of $48.1 million compared to net income of $30.3 million in third-quarter 2013.
CEO Chris Beckett said, “Despite challenging market conditions, Pacific Drilling continues to execute on our plan to expand our operations and deliver exceptional performance. We delivered a third consecutive quarter of strong cash-flow generation and a new record-high quarterly EBITDA. With the start-up of Pacific Sharav in August, we again demonstrated our ability to introduce new rigs efficiently, with our strongest shakedown performance to date.