Indonesian drilling contractor PT Indo Sichuan Petroleum was awarded the contract and will deploy a land-drilling rig capable of drilling to a depth of 3,000 meters (9,800 feet). Mobilization of the rig and equipment from Sumatra to the Bengara-II Block is underway, with arrival expected in July.
James D. Eger, Continental's CFO, said, "addition of the second rig will enable us to accelerate our exploration drilling program in Bengara-II and will also facilitate rapid appraisal of any discoveries we make. P.T. Indo Sichuan is doing a fine job for us on the Seberaba-1 well and it made sense to have them supply the second rig as well."
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