Petrolia Says Deep Venture to Start ExxonMobil Contract in May



Larsen Oil and Gas Ltd (Aberdeen), as drilling contractor for the drillship Deep Venture, have on behalf of Venture Drilling AS, agreed to a drilling contract with ExxonMobil, with a contract duration is for 18 months, where the last 12 months of the contract was subject to approval by the relevant government authority in the area of operation.

Venture Drilling AS has been notified by ExxonMobil, that the relevant approvals have been authorized.

Venture Drilling AS estimates the start of contract to be during May 2007.

Venture Drilling AS is a company owned 50/50 by Sinvest ASA and Petrolia Drilling ASA.

RELATED COMPANIES
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.