Dragon Oil Hires Two Jack-Ups for Cheleken Drilling

Dragon Oil plc, an international independent oil and gas exploration, development and production company, today announces that it has awarded a contract to BKE Shelf Ltd for the lease and management of two LeTourneau S116E jack-up rigs, Neptune and Mercury, in the Cheleken Contract Area, Turkmenistan.

The contract is for a total period of three years. The Neptune drilling rig is expected to be available in early 4Q 2013 and will be used for nine months following which the Mercury drilling rig is anticipated to be available in 4Q 2014 and will be used for the remainder of the three-year term.

Abdul Jaleel Al Khalifa, Chief Executive Officer, said:

“I am delighted to announce the award of the contract for the Neptune and Mercury rigs, allowing Dragon Oil to secure jack-up drilling capacity for a period of three years. These rigs will be a good addition to our drilling fleet and will complement our drilling capacity in 2014 and beyond.”

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October 03, 2013