Newfield to Use the Newbuild West Berani on its Belumut Development Program

SapuraCrest Petroleum's subsidiary, Tioman Drilling Company, has been awarded a contract from Newfield Peninsula Malaysia Inc for the West Berani tender that is currently under construction in Singapore.

The West Berani is owned by SeaDrill, which is also the shareholding partner of Tioman, with their respective shareholdings therein of 49% and 51%.

Newfield will use the West Berani in its Block PM323 Belumut development drilling program. The contract is for two years and will start once construction on the rig is completed in January or February 2007. The contract has an aggregate value of US $87,000,000.

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