News Release 2010
JDC signed a drilling contract with Cairn Lanka Pvt. Ltd., a subsidiary company of Cairn India Ltd. on November 12, 2010 for the deepwater drillship "CHIKYU". The contract is to drill three (3) firm wells and two (2) optional wells in offshore Sri Lanka, and is scheduled to commence in early July, 2011.*"CHIKYU" is owned by Japan Agency for Marine-Earth Science and Technology("JAMSTEC").
The Semi-submersible rig "NAGA 1", operated by UMW JDC Drilling Sdn. Bhd., an affiliate company of JDC based in Malaysia, has been awarded a modified five-year contract by PETRONAS Carigali Sdn. Bhd., a Malaysian state running oil and gas company.
The original contract of twenty wells extension option has been modified to a new five-year contract effective from late November 2010, after the completing drilling works of firm twenty wells.
The drilling works with modified contract commence in direct continuation of the rig's current contract. The contract value is approximately US$ 250 million.
JDC signed a drilling contract with Salamander Energy (Bontang) Pte. Ltd. on September 7, 2010 for the semi-submersible rig "HAKURYU-5". The contract is to drill one (1) firm well in offshore Indonesia. After completing the maintenance work of the rig in Singapore, "Hakuryu-5" will start its drilling operations from around early October 2010.