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Deal signed for platform rig off Malaysia

Eric Watkins
Senior Correspondent

LOS ANGELES, Mar. 2 -- ExxonMobil has signed a 3-year contract extension valued at about $65 million with SapuraCrest Petroleum Bhd. unit Petcon (Malaysia) Sdn. Bhd. for a tender-assisted platform rig off Malaysia.

The extension provides for use of the T-9 rig, now drilling in Tapis C field, on ExxonMobil platforms off Terengganu.

ExxonMobil let the original contract to SapuraCrest in April 2001 for use of the T-2 tender-assisted platform rig off Malaysia.

Contact Eric Watkins at hippalus@yahoo.com.


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