New Drilling Contract for "HAKURYU-14"

Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company in Indonesia together with a local shipping company have entered into a drilling contract with PT Pertamina Hulu Mahakam for the provision of a jack-up drilling rig "HAKURYU-14".

The main terms of the drilling contract are as follows:

1. Operating Area ：Mahakam Block, offshore Indonesia

2. Period of Contract ：1.5 year firm + 1(one) year option x 2

Location：Mahakam Block, Indonesia