Pakistan firm signs rig deal

March 12, 2008
Petroleum Exploration (Pvt.) Ltd., operator, signed a long-term contract with Weatherford Drilling International for a new National Oilwell Varco 1,500-hp IDEAL drilling rig.

By OGJ editors
HOUSTON, Mar. 12 -- Petroleum Exploration (Pvt.) Ltd., operator, signed a long-term contract with Weatherford Drilling International for a new National Oilwell Varco 1,500-hp IDEAL drilling rig.

The rig is in Houston and will be shipped to Pakistan following its expected Apr. 7 commissioning. The spud date for the first exploration well of the proposed drilling program on the Jura concessions in Pakistan is expected sometime in July, depending upon shipping availability.

In the last year, 1,523 km of 2D seismic data have been shot over the Jura concessions. In addition, more than 1,600 sq km of 3D data are now available over the Badin IV North and Badin IV South blocks.