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Drilling Contract with Cairn Lanka Pvt. Ltd. for "CHIKYU"

2010-11-12

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").