Sarawak Shell Extends Jackup Contract with Tanjung Offshore

Tanjung Offshore Services Sdn Bhd has received a letter of contract extension and amendment from Sarawak Shell Berhad / Sabah Shell Petroleum Company for the provision of the Pride Hawaii valued at approximately Ringgit Malaysia Forty Six Million or RM46,000,000.00 (US $12,368,000).

The extended contract is effective from November 7, 2006 to January 31, 2007. TOS will perform the necessary scope of work under the abovementioned contract during the effective tenure of the extended contract of the rig in East Malaysia.

The contract is expected to contribute positively to the earnings of Tanjung for the financial years ending December 31, 2006 and 2007 respectively. Notwithstanding this, the contract is not expected to have any material effects on the share capital and shareholding structure of the Company.

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