Burullus Gas extends rig contract
Uchenna Izundu
OGJ International Editor
LONDON, Apr. 3 -- Burullus Gas Co. has extended its chartering of third-generation semisubmersible rig Scarabeo 6 from Saipem SPA under a $400 million contract.
The new contract will last until fourth quarter 2014. The rig will remain in Egyptian waters.
Scarabeo 6's operating capacity is to be upgraded to 1,100 m from 780 m of water in 6 months in late 2011 or early 2012.
Burullus Gas is a joint venture of British Gas International Ltd., 25%, Petronas Carigali Sdn. Bhd., 25%, and Egyptian Natural Gas Holding Co., 50%.
Contact Uchenna Izundu at [email protected].