Dragon does deal on drilling rig
11/05/2006 - 08:10:00Dragon Oil has signed a contract with Lukoil Shelf Limited for provision of the Astra jack-up drilling rig for use in the Cheleken Contract Area offshore Turkmenistan.
The Astra is expected to commence drilling operations for the ISEQ-listed exploration company in Cheleken from early September, and the initial contract duration will be six months.
Dragon plans for the Astra to drill one development well in the LAM field and one exploration well which in a near-field prospect known as LAM West.
Engineering works are in progress to support the planned well activities for the additional Astra rig.
These engineering works include the installation of additional drilling slots on two existing platforms and the future installation of topside facilities and sub-sea pipelines.
