Japan Drilling Co., Ltd. has entered into a drilling contract with Mitsui Oil Exploration Co., Ltd. for the provision of the jack-up drilling rig Hakuryu-11.
The contract is for a single well to be drilled at Tenpoku Seiho Oki, offshore Hokkaido. The contract duration is about 80 days with the expected commencement time around June 2021
Mitsui Oil Exploration Co., Ltd. (MOECO) is an oil exploration subsidiary of Mitsui & Co. that specializes in natural gas. It has its headquarters in the Hibiya Central Building in Nishi-Shinbashi, Minato, Tokyo.
It was one of 17 Mitsui companies that were spun off on July 19, 1969.
Its core areas are Thailand, where it drills principally in the Gulf of Thailand in conjunction with Chevron, and Vietnam and Cambodia. As of March 31, 2010 Mitsui & Co. owns 73.35% of the company. The Ministry of Economy, Trade and Industry owns 20.03%
Hakuryu-11 is a 425 ft Keppel FELS Super B class jackup built at Singapore’s Keppel FELS Pioneer Yard in 2013. The jackup is currently drilling offshore Vietnam for PetroVietnam.
JDC currently operates a fleet of seven drilling units including 5 jackups active in the Middle East and Southeast Asia.
(Source and image: JDC)