Dragon Awarded 2-Year Contract For a Platform Rig

Source: www.gulfoilandgas.com 12/23/2009, Location: Asia

Dragon Oil plc, an international oil and gas exploration and production company, announces that it has awarded a two-year contract to Naftna In dustrija Srbije (NIS) Naftagas for the lease and management of a land rig (the " NIS Rig " and formerly known as "CIS Rig 1”) in the Cheleken Contract Area.

The Group previously employed the rig (CIS Rig 1) under a different contractor to drill from the Dzheitune (Lam) 22 platform. Dragon Oil released the CIS Rig 1 with the intention to secure a platform-based rig with higher specifications. However, during the tendering processes, Dragon Oil recognized the challenges of sourcing such a rig taking into account mobilisation time, contract terms and the Group’s standard requirements. It was, therefore, considered in the Group’s best operational interests to proceed with the same rig but at more favorable contract terms and conditions.

The Group plans to drill seven wells using t he NIS Rig during its contract term. The rig is to be mobilized to the Dzheitune (Lam) 28 platform shortly.

Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented:
"I am pleased to announce that Dragon Oil has awarded the contract for the lease and management of the NIS platform-based rig for a period of two years. We have now secured three full - time rigs alongside the Astra jack-up rig, which is contracted on a short-term basis to support our drilling programme in the Cheleken Contract Area. "


United Arab Emirates >>  10/30/2024 - Drilling waste management specialist, TWMA, has announced a significant contract win with a leading UAE operator. Valued at approximately $70 million,...
Norway >>  10/24/2024 - Shelf Drilling, Ltd. (“SHLF” or “Shelf Drilling”) and Shelf Drilling (North Sea), Ltd. (“SDNS” or “Shelf Drilling North Sea”) announce that the Norwe...

Colombia >>  10/21/2024 - LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) is pleased to an operational updat...
Mauritania >>  10/18/2024 - Island Drilling Company is pleased to announce the successful completion of its recent contract with Tullow Oil. The operations, conducted in Mauritan...

Angola >>  10/17/2024 - Sonadrill an Angolan drilling joint venture between National Oil Company Sonangol and drilling contractor Seadrill – will launch its fourth drillship ...
Suriname >>  10/17/2024 - Following a commercially competitive tender where ADC was able to demonstrate its added value through utilising cutting-edge technological approaches ...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.