JDC secures additional work for Hakuryu-11 rig in Vietnam

Japan Drilling Company has secured additional work for its Hakuryu-11 jack-up, which will see the rig employed offshore Vietnam.

Hakuryu-11; Source: JDC

In November 2019, the jack-up drilling rig Hakuryu-11 started drilling operations based on the subcontract with PetroVietnam Drilling & Well Services at offshore Vung Tau, Vietnam.

To remind, JDC said earlier this year the Hakuryu-11 rig would be drilling subcontracted to PetroVietnam Drilling who had secured the drilling contract from an unnamed operator.

Based on the March 2019 info, the five-well drilling contract will take 300 days to complete. The contract was expected to start in October. Bassoe’s dayrate estimate for this contract was $70,000.

In an update on Monday, December 9 JDC said that PetroVietnam had secured additional drilling contract from the unnamed operator. The additional contract includes four wells (approx. 300 days) plus one or two option wells (approx. 60 days per well). The contract is expected to start around August – October 2021.

The Hakuryu-11 rig is of the KFELS Super B Class and is a 3-leg self-elevating cantilever type drilling rig. It has a maximum operating water depth of 425 feet and a maximum drilling depth of 35,000 feet. The Hakuryu-11 was constructed by Keppel FELS in May 2013.

Offshore Energy Today Staff

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