Cairn Secures Cajun Express Rig for Drilling Off Morocco

Cairn announced it has secured a long term contract with Transocean for the “Cajun Express” drilling rig.

The rig, which is on an initial one-year contract, will be used on Cairn’s planned multi-well frontier exploration programme in Senegal, Morocco and potentially other areas.

Subject to obtaining the necessary approvals the rig will be mobilised to begin operations for Cairn, offshore Morocco on the Foum Draa licence in H2 2013.

The Cajun Express is a deep-water, 5th Generation, dynamically positioned, semi-submersible drilling rig with shallow mooring capabilities and a 15,000 psi bop stack. The historic performance of the Cajun Express indicates it is a highly efficient rig with low operating downtime.

[mappress]

Press Release, April 15, 2013