CNOOC Hires Jasper Explorer Drillship for Congo Operations

China’s oil company CNOOC has, through its subsidiary CNOOC Congo SA, signed a contract to charter the Jasper Explorer drillship from Jasper Drilling Pte Ltd.

Under the contract, the Jasper Explorer will drill two firm wells plus one option well in offshore Republic of Congo, West Africa. The program duration for the two firm wells is anticipated to be about 100 days excluding any well testing.

Contract commencement is in the first half of March 2013 when the rig is expected to depart from its current location in Spain. Drilling is expected to start late March 2013. The estimated contract value, based on the program duration for the two firm wells plus mobilization and demobilization fees, is approximately USD 33 million.

[mappress]
January 24, 2013