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New Drilling Contract for "HAKURYU-10"

2021-06-16

Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary Japan Drilling (Netherlands) B.V. has entered into a drilling contract with North Oil Company for the provision of jack-up drilling rig "HAKURYU-10".

The main terms of the drilling contract are as follows:

1. Company: North Oil Company
2. Operating Area: Al Shaheen Oilfield, offshore Qatar
3. Period of Contract: Three (3) years firm plus two (2) x one (1) year options
4. Estimated Commencement Time: 2Q 2022
5. Contract Type: Day Rate Contract
6. Contract Signing Date: June 15, 2022
Jack Up Rig: HAKURYU-10 Location: Al-Shaheen Oil
Field, offshore Qatar