Thailand’s oil company PTT Exploration & Production Public Co. Ltd has executed an agreement fixing high specification tender rig EDrill-1 for a firm period of three years.
The transaction was made effective on 01 August 2014 with the Bongkot Program start date set for October 2014.
EDrill-1 was handed over to the Operations Preparation group in April 2014 and has been undergoing trial rig up and rig down exercises at COSCO Guangdong shipyard in China.
The rig’s light-weight Drilling Equipment Set erects in three major heavy lifts and is ideally suited to the fast paced Gulf of Thailand infield drilling programs.
Marcus Chew CEO of Energy Drilling commented: “ This contract marks the important first step for Energy Drilling towards establishing itself as a reputable provider of tender rig solutions. We are most honoured that it is awarded by PTTEP, a well-respected pioneer in the use of tender rigs in the Gulf of Thailand. We are confident that our experienced crew and superior design will result in consistent and optimal drilling performance for our client.”