Rig contracted to drill in Gulf of Thailand

Malaysia's SapuraCrest Petroleum Bhd got a three-year, $95 million contract for its self-erecting tender rig T-6 to drill in Phase I of the Malaysia-Thailand Joint Development Area in the Gulf of Thailand.

Offshore staff

(Singapore) -- Malaysia's SapuraCrest Petroleum Bhd got a three-year, $95 million contract for its self-erecting tender rigT-6 to drill in Phase I of the Malaysia-Thailand Joint Development Area in the Gulf of Thailand.

The rig would drill for Carigali-PTTEPI Operating Co. Sdn. Bhd.; the upstream units of Malaysian national oil corporation, Petronas; and the Petroleum Authority of Thailand.

SapuraCrest own 51% ofT-6 through subsidiary Crest Tender Rigs Pte. Ltd., a joint venture company with Smedvig Group of Norway.

The T-6 would begin drilling in December 2007/January 2008.

7/13/06

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