Eric Watkins
Senior Correspondent
LOS ANGELES, Mar. 15 -- Murphy Sarawak Oil Co. Ltd. has awarded a $122.7 million contract to Tanjung Offshore Services Sdn. Bhd. subsidiary Tanjung Offshore Bhd. to provide a jack up drilling rig.
The 208 rig is required for Murphy Oil's 2007-10 development drilling programs in Malaysian waters, Tanjung said. The contract, effective from Nov 30, is for a firm 3-year period, with an option to extend for a further 2 years.
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