Jasper Drilling Secures Contract from CNOOC for Jasper Explorer Drillship Off Congo

Jasper Investments Limited announced that its subsidiary, Jasper Drilling Pte Ltd, on 21st January 2013 signed a contract with CNOOC Congo SA for the deployment of the drillship, Jasper Explorer.

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 USD33 million.

[mappress]
Press Release, January 24, 2013