Rig: Hakuryu-12

JDC has started the drilling operation using HAKURYU-12

The new jack-up rig "HAKURYU-12" departed from Singapore on March 17, and sailed around the Cape of Good Hope in South Africa. After the loading of materials and equipment necessary to the operation at Trinidad and Tobago, she finally arrived to offshore Suriname in South America on May 8. Afterwards, she started the drilling operation based on the contract with TOS on May 14.

'Hakuryu-12' to be shared by Inpex and CGX Energy

CGX Energy Inc. (CGX) alongside Teikoku Oil (Suriname) Co., Ltd, a wholly-owned subsidiary of Inpex Corporation (Inpex) have formed a rig sharing group and have announced that they have entered into a bindling letter of intent (LOI) with Japan Drilling Co., Ltd (JDC) for use of the ‘Hakuryu-12’ jackup drilling rig. The LOI forms the bassis of the definitive rig agreement between JDC and each of the members of the rig sharing group. The members of the Rig Sharing Group are required to enter into definitive rig agreements with JDC in order to reduce mobilization and demobilization costs. The ‘Hakuryu-12’ rig will be delivered to the rig sharing group in Trinidad between April 1st 2015 and May 1st 2015. The unit will be used to drill in either the Corentyne or Demerara licenses in Guyana for CGX and in block 31 in Suriname for Inpex. The length and value of the contract were not released.

Japan Drilling Company will operate newbuild jackup upon delivery from shipyard

Japan Drilling Company (JDC) has announced that the company will lease the newbuild ‘Hakuryu-12’ jackup rig upon delivery of the unit from the shipyard in 2015. JDC will initially operate the unit for a firm five year period from the rigs owner BOT Lease Co. The newbuild ‘Hakuryu-12’ has similar specifications to JDC’s ‘Hakuryu-10’ jackup rig and should provide JDC with additional earnings upon delivery from the shipyard. JDC is already overseeing the construction of the unit at SembCorp Marine's PPL shipyard in Singapore, where the unit is being built to the Baker Marine 400 class design.

BOT Lease commission newbuild jackup construction

BOT Lease Co Ltd, a leasing company linked to the Mitsubishi UFJ financial group has ordered a newbuild jackup rig at Sembcorp Marine's PPL shipyard in Singapore. The unit will be built to the yards Pacific 400 specifications and is expected to be delivered by the end of January 2015 with a total construction price of US$220.5 million. The project will be managed by the Japan Drilling Company (JDC) during the construction phase.