Friday 27 July 2018

COSL Drilling Europe has entered into an agreement with Tamarind Resources for drilling operations with HYSY 982 in New Zealand. (HYSY 982 is the sister rig of COSLProspector)

Tamarind Resources Pte Ltd owner of the Tui Field (PMP 38158) announced that it has entered into a contract with COSL Drilling Europe AS (“COSL”) for the semi-submersible rig, Hai Yang Shi You 982 (“HYSY 982”). The contract consists of three firm wells, and options to extend the contract terms for up to one optional side-track development well and up to one optional exploration well, all to be drilled within the Tui permit. The drilling program is due to commence in Q2/Q3 2019.