Deep Drilling 1: Jack-up trio bags 11 years worth of drilling contracts in UAE

first_imgOffshore Drilling company Deep Drilling 1, an affiliate of India’s Aban Offshore, has received a letter of award to deploy three offshore drilling rigs in the United Arab Emirates. Illustration only: Image from Wikimedia Commons shared under CC BY-SA 3.0 licenseIn a statement on Thursday, the driller said the contracts were for three jack-up units owned by its affiliate company.Two rigs have been hired on firm contracts of four years each. The third jack-up rig is for a firm period of three years and an optional period of two years.According to Deep Drilling 1, based in Singapore, two jack-up rigs are expected to be deployed in the fourth quarter of 2018. The third jack-up rig will follow int he first quarter of 2019.The driller did not provide any further info on the client nor on the dayrates secured for the rigs.Thursday’s announcement follows a recent news that another Deep Drilling 1 affiliate has earlier in July won a contract with ONGC in India a firm period of two years. The rig is expected to be deployed in the fourth quarter of 2018.last_img