New Drilling Contract for "HAKURYU-11" (Vietnam)
Japan Drilling Co., Ltd. agreed to provide drilling services with a jack-up drilling rig "HAKURYU-11" to certain operator based on the subcontract with PetroVietnam Drilling & Well Services Corporation who secured the drilling contract from the operator.
The main terms of the drilling contract are as follows:
|1. Period of Contract||：5 firm wells (approx. 300 days) + 1 option well (approx. 60 days)|
|2. Estimated Commencement Time||：Around October 2019|
|3. Operating Area||：Offshore Vung Tau, Vietnam|