Parker Drilling Says Rig Damaged in Blowout in Bangladesh

Parker Drilling Company reports that a well control incident occurred early this morning on Rig 255. The rig is under contract to Niko Resources (Bangladesh) Limited in Bangladesh. All personnel were safely evacuated and there are no reported injuries.

The incident caused a fire that has damaged a substantial portion of the rig. Although no final damage assessment to the rig has been made at this time, Parker believes that any damage will be covered by insurance. Parker and Niko are continuing their efforts to control the incident.