Coastal to Complete First Songkhla Well Offshore Thailand by October

Deep Driller 7 Jackup
(Click to Enlarge)

Coastal Energy Company has announced an update on its operations offshore Thailand.

The Company's wholly owned subsidiary, NuCoastal (Thailand) Limited, has finalized its previously announced contract with Deep Drilling 7 Pte. Ltd. for a charter of the Deep Driller 7. The contract is for an initial term of three months and is extendable up to an additional three months. The rig is expected to begin mobilizing to the Songkhla location in mid-September 2008.

Randy Bartley, Chief Executive Officer of Coastal Energy commented, "The Company has government approval for extended production testing while drilling at our Songkhla field development. We expect to be drilling by late September, with completion and testing of the first Songkhla well by mid-October.

"We will continue to test and produce our first well to test facilities while continuing simultaneous drilling operations. This early extended testing and production will allow the Company to establish production and cash flow from offshore properties ahead of final Environmental Impact Assessment approval and platform and facilities installation."

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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Maintenance Controls Technician
Expertise: Maintenance Technician|Rig Mechanic
Location: Eighty Four, PA
Maintenance Supervisor - Drilling
Expertise: Maintenance Manager|Rig Mechanic
Location: Eighty Four, PA
Whipstock Welder
Expertise: Rig Welder|Welding|Workshop
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours