New Drilling Contract for "HAKURYU-11"

Japan Drilling Co., Ltd. has entered into a drilling contract with Mitsui Oil Exploration Co., Ltd. for the provision of a jack-up drilling rig "HAKURYU-11".

The main terms of the drilling contract are as follows:

1. Operating Area:Tenpoku Seiho Oki, Hokkaido

2. Period of Contract:1 firm well (approx. 80 days)

3. Estimated Commencement Time:Around June 2021

HAKURYU-11