Ocean Vantage bags jack-up rig drilling contract

TheStar Fri, Jul 14, 2023 06:24pm - 9 months View Original


KUALA LUMPUR: Ocean Vantage Holdings Bhd has secured a contract from Sarawak Shell Bhd (SSB) and Sabah Shell Petroleum Company Limited (SSPC) for the provision of a jack up drilling unit for 2024 to 2026 campaign.

In a filing with Bursa Malaysia, Ocean Vantage said its wholly-owned subsidiary, Ocean Vantage Engineering Sdn Bhd (OVE) accepted the contract from SSB and SSPC.

OVE is the appointed agent and partner for Noble in Malaysia for the provision of drill ships, semi-submersibles and jack-up drilling rigs since September 2014.

The contract is for the drilling of 11 firm wells, with the options to extend the contract.

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