EDC Jackup Takes On New Name

Eurasia Drilling Company Limited announced that in February 2012 its Trident 20 jackup drilling rig was renamed Saturn (350' ILC).

The Saturn is a Keppel FELS CS Mod V cantilever jackup delivered in 2001, and is capable of operating in water depths to 350 feet and drilling to 26,000 feet. The Saturn is the highest specification jackup rig currently operating in the Caspian Sea, with features including three 2,200 hp mud pumps, a 3,000 hp drawworks and a 15,000 psi high-pressure BOP system.

The jackup rig, which was acquired in February 2011 from Transocean, is presently operating in Turkmen waters of the Caspian Sea on a long-term contract with Petronas Carigali (Turkmenistan) Sdn Bhd which will run through 2012.

Eddy Redd, Senior Vice President of EDC's Offshore Group commented, "We are very pleased with the performance of the Saturn in its first year under EDC ownership. This high-spec jackup with its motivated crews has formed an integral part of our offshore operations, and has set a benchmark for jackup operations in the Caspian Sea."

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