CGX contracts rig for offshore Guyana well

CGX Energy has a letter of intent with Teikoku Oil (Suriname) and Japan Drilling Co. for use of the jackup drilling rig Hakuryu-12.

Jun 2nd, 2014

Offshore staff

TORONTO – CGX Energy has a letter of intent with Teikoku Oil (Suriname) and Japan Drilling Co. for use of the jackup drilling rig Hakuryu-12.

The rig, which is due to be delivered to Trinidad between April 1, 2015 and May 1, 2015, will drill on CGX’sCorentyne block offshore southeast Guyana.

The rig share should allow the company to reduce mobilization and demobilization costs.

06/02/2014

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