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New Drilling Contract for "HAKURYU-11" (Vietnam)

2019-03-28

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