Eric Watkins
Senior Correspondent
LOS ANGELES, Nov. 7 -- Dragon Oil PLC has signed a 2-year contract with Continental Industrial Supply Ltd. for use of the CIS-1 platform-based drilling rig.
Dragon said the rig will commence drilling a series of development wells in the Cheleken contract area off Turkmenistan in first half 2007.
Dragon said the contract will enable it to operate several drilling rigs simultaneously in 2007.
Contact Eric Watkins at [email protected].
