Rig: Naga 1

Name Naga 1
Owner Japan Drilling Company (JDC)
Manager Japan Drilling Co., Ltd.
Rig Type Semisub
Sub Type Midwater Floater
Jackup Type --
Max Water Depth (ft) 1000
Max Drill Depth (ft) 30000
Dimensions (ft) 331 x 259 x 74
Leg Length (ft) --
Competitive Yes

Current Location

Country --
Region --

Drilling Equipment

Drawworks Type Continental Emsco C3 Type II
Drawworks HP 3000
Mud Pumps Type Continental Emsco FB-1600 Triplex
Top Drive National Oilwell Varco TDS-4S
Hookload Capacity (lbs) 1500000

Rig Construction Details

Rig Design Mitsubishi
Rig Model MD-25-SP
Year Built 1974
Country of Build Japan
Yard Name Hiroshima Shipyard & Engine Works
Group Yard Name Mitsubishi Heavy Industries Ltd.

Rig Contract Details

Operating Status Retired


7 Apr 2015

Japan Drilling & UMW Drilling extend joint venture

Further to the announcement dated 11 March 2005 made by UMW Holdings Berhad (“UMW”), the Board of Directors of the Company wishes to announce that the Company has recently signed an Addendum to the JVA ("Addendum") with Japan Drilling Co., Ltd. (the Company and Japan Drilling Co., Ltd. hereinafter referred to as "the Parties") to confirm the mutual agreement of both Parties to renew the terms of the JVA for a further period of 5 years after elapse of the first 10 years. All other terms of the JVA remain unchanged. Consequent to the signing of the Addendum , the Company has also signed the Addendum to the Rig-Owning Agreement , with Japan Drillig Co., Ltd, JDC Panama, Inc., and UMW Drilling Co., Ltd (reffered to as "these parties") for the renewal of the term of the Rig-Owning Agreement dated 11 March 2005 ("Agreement") signed between these Parties. The Parties agree that the term of the Agrement set out in Article 14.1 therein, shall be renewed for a further 5 years after elapse of the first 10 years.

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