New Contract for "HAKURYU-5"

Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company "Hakuryu 5, Inc." and its agent in Malaysia, NABA Drilling Sdn. Bhd. ("NABA") have agreed to provide drilling services to PETRONAS Carigali Sdn. Bhd. (PCSB) for a semi-submersible drilling rig "HAKURYU-5" for the drilling contract awarded by PCSB to NABA Drilling Sdn.Bhd.

The main terms of the contract are as follows:

1. Operating Area：Offshore Sarawak, Malaysia

2. Period of Contract：Four (4) Firm Wells + Six (6) Optional Wells

3. Estimated Commencement Time：Around Q3 2022

Semi-sub Rig "HAKURYU-5"