Northern Offshore, Ltd., which operates offshore oil and gas
production and drilling vessels, has announced that the joint operating
company Vietgazprom, a joint venture between Petrovietnam and Gazprom,
or VGP, has selected the drillship Energy Searcher for an upcoming
drilling program offshore Vietnam.
The program is expected to
commence after the conclusion of the contract with CNOOC. The duration
is for a four-well program expected to last approximately 100 days per
well. The estimated contract value is estimated at approximately $72
million.
Gary Casswell, Northern Offshore's president and CEO,
said "We are pleased VGP has selected the Energy Searcher again and look
forward to working with their team in Vietnam. Along with our other
recent contract announcements, this will contribute significantly to our
2012 revenue backlog."
