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we have a rig .. nc, page-2

  1. olly8888
    1,180 Posts.
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    05/06/08
    23:51
    Post #: 3822677
    PALAWAN, PHILIPPINES: Nido Petroleum Ltd. secured a rig slot with Awilco Offshore's newbuild jackup WilBoss for a two-firm-well exploration programme in North Palawan Basin SC54 offshore the Philippines. The rig is on charter to Nido under a sublet agreement with Premier Oil. WilBoss is presently drilling in Premier Oil's Blackbird field and expected to begin the SC54 campaign from October 2008.

    Nido is also looking to secure a semisubmersible rig to drill on the deepwater Gindara prospect in 2009. Nido operates SC54 with a 60 per cent stake, with partner Kairiki Energy holding the remaining interest.
    KIK Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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