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Iran Khazar jack-up rig contract extended for a further two years

Iran: Thursday, April 09 - 2009 @ 13:28

The Iran Khazar rig is currently drilling the first of four wells to be completed by the year-end.

Dr Abdul Jaleel Al Khalifa, Chief Executive Officer commented, “I am pleased to announce that Dragon Oil has successfully negotiated an extension of the contract for the Iran Khazar jack-up rig.”

“Despite a limited availability of rigs in the Caspian Sea, we managed to secure the rig we have been using for a number of years and will continue to use for another two years to ensure that our drilling programme remains on track,” Al Khalifa added.

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Thursday, April 9- 2009 @ 13:28 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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