Hakuryu-3 Renamed NAGA 1

Japan Drilling Company has sold its 50% ownership of the semisub Hakuryu-3 to a subsidiary of UMW Corporation, a joint venture partner in Malaysia, on June 1, 2005, and the rig has been renamed NAGA 1 under Panamanian flag.

NAGA 1, under co-ownership of JDC and UMW, will continue to be operated by UMW JDC Drilling Sdn. Bhd. (UJD), Malaysian drilling joint venture, for the duration of ongoing contract with Petronas Carigali Sdn. Bhd, which is expected to complete around the end of 2005.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $51.46/BBL 0.61%
Light Crude Oil : $50.52/BBL 0.64%
Natural Gas : $2.83/MMBtu 5.35%
Updated in last 24 hours