COSL to start rig operation offshore N. Sumatra
Monday, November 27 2006 - 04:40 PM WIB
China Oilfield Services Limited announced Sunday that its semi-submersible drilling rig, ?Nanhai II?, will start the new overseas operation contract of MEDCO MOECO Langsa Ltd. in December 2006, providing MML with drilling and well workover services.
?Nanhai II? will commence operation in Langsa district in offshore North Sumatra, upon the completion of the Genting Project, with an operation period of approximately three months. Pursuant to the agreement, apart from the mobilization and demobilization fee, MML will also pay COSL in terms of day rate. This is a new overseas contract of ?Nanhai II? secured, following the project of providing drilling services to Genting Oil & Gas Limited, the company said.
MEDCO MOECO Langsa Ltd. is an equal joint venture between JSX-listed oil company Medco Energi and and MOECO, a Japanese energy company. (alex)