Japan Drilling Co., Ltd. has entered right into a drilling contract with Mitsui Oil Exploration Co., Ltd. for the availability of the jack-up drilling rig Hakuryu-11.
The contract is for a single properly to be drilled at Tenpoku Seiho Oki, offshore Hokkaido. The contract period is about 80 days with the anticipated graduation time round June 2021
Mitsui Oil Exploration Co., Ltd. (MOECO) is an oil exploration subsidiary of Mitsui & Co. that focuses on pure fuel. It has its headquarters within the Hibiya Central Building in Nishi-Shinbashi, Minato, Tokyo.
It was certainly one of 17 Mitsui firms that have been spun off on July 19, 1969.
Its core areas are Thailand, the place it drills principally within the Gulf of Thailand along with Chevron, and Vietnam and Cambodia. As of March 31, 2010 Mitsui & Co. owns 73.35% of the corporate. The Ministry of Economy, Trade and Industry owns 20.03%
Hakuryu-11 is a 425 ft Keppel FELS Super B class jackup constructed at Singapore’s Keppel FELS Pioneer Yard in 2013. The jackup is at present drilling offshore Vietnam for PetroVietnam.
JDC at present operates a fleet of seven drilling items together with 5 jackups lively within the Middle East and Southeast Asia.
(Source and picture: JDC)
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