Chinese offshore services provider China Oilfield Services Limited (COSL), a Chinese offshore services has won a contract to perform drilling operations in Papua New Guinea from Australian oil and gas company, Twinza Oil.
COSL said the deal represented the first time it would be operating with Twinza Oil on a project and that it would use the COSLSeeker jack-up rig, which is scheduled to arrive at Papua New Guinea in late August.
The COSLSeeker will be deployed to PNG after completing operations at the Duyung production sharing contract located offshore Indonesia where the jack-up drilled the Mako South-1 appraisal well.
The Natuna Sea well was spud in mid-June and reached a total depth of 1,707 feet. Well testing operations were completed in early July upon which the rig was demobilized back to its home base in Labuan, Malaysia.
COSL said of the contract award in PNG: “The Papua New Guinea market, in which the company’s geophysical vessel HYSY 719 has good operation records, possesses a promising future. The company is confident that it will obtain more operation opportunities in the region.”