Parker Awarded New Zealand Contracts

Parker Drilling Company announced two new contracts for land rigs in New Zealand. The first contract is with Swift Energy New Zealand Limited for Parker's rig 252, and is for up to 16 wells. The rig is on location and recently commenced operations. Swift used the rig for one well in September, and also has Parker rig 246 under contract in New Zealand.

The second contract is with Marabella Enterprises Limited, an Australian Company, for Parker rig 188. The contract is for two wells with a one-well option. The rig is moving to location and will spud in the near future.

"These two contracts contribute to the success we have had in our 18-year history in New Zealand," said Thomas L. Wingerter, vice president of operations. "We are pleased to be involved in the drilling programs for both of these companies," Wingerter said.