Parker Drilling Reports Status of Caspian Barge Rig
Parker Drilling
Parker Drilling has received notification that Parker
barge rig 257, the "Sunkar", has been temporarily impounded by the Mangistau
Customs Control in Kazakhstan. Mangistau Customs has taken this action
pursuant to its assessment of duties relating to the temporary import status
of the Sunkar in Kazakhstan. Parker has filed an objection to this assessment
with the court in the Mangistau Oblast at Aktau, which includes documentation
supporting Parker's position that the rig is currently exempt from duties.
The rig remains in its stacked location in the Caspian Sea port of Bautino.
"We are cooperating with the governmental authorities to the fullest extent, and believe that judicial review of the documentation we have provided will result in the resolution of this dispute in our favor," said Robert L. Parker Jr., president and CEO.
"We also believe that an amicable and timely resolution would be in the best interests of all parties involved. Our commitment to Kazakhstan and its citizens is evident in our long-term operations throughout the country, approximately 80 percent of which are staffed with Kazakh employees. We look forward to another opportunity to utilize our experience and technology to realize the full potential of this crucial region," said Parker.
"We are cooperating with the governmental authorities to the fullest extent, and believe that judicial review of the documentation we have provided will result in the resolution of this dispute in our favor," said Robert L. Parker Jr., president and CEO.
"We also believe that an amicable and timely resolution would be in the best interests of all parties involved. Our commitment to Kazakhstan and its citizens is evident in our long-term operations throughout the country, approximately 80 percent of which are staffed with Kazakh employees. We look forward to another opportunity to utilize our experience and technology to realize the full potential of this crucial region," said Parker.
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