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Pertamina Awards More Work for JDC Jack-up Rig Hakuryu-14

November 5, 2020

Hakuryu-14 / Image credit: Japan Drilling Co.
Hakuryu-14 / Image credit: Japan Drilling Co.

Indonesian oil and gas company PT Pertamina Hulu Mahakam has awarded a 1.5-year contract to Japan Drilling Co. (JDC) for the use of the jack-up drilling rig "HAKURYU-14".

PT Pertamina Hulu Mahakam will use the rig on the Mahakam Block, offshore Indonesia

Apart from the firm 1,5-year term, PT Pertamina Hulu Mahakam will have further two one-year options to extend the contract. JDC did not share the contract value. Bassoe Offshore has estimated the dayrate to be around $70,000.

To remind, Pertamina had in November 2019 awarded a contract extension for the rig that was supposed to keep the jack-up unit busy in Indonesia until early December 2020. JDC did not say if the new contract would start in direct continuation of the current contract.

The Hakuryu-14 is a jack-up rig capable of operating in water depths of up to 400-feet (around 122 meters). It was built by PPL Shipyard in 2018.

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