Neptune Discoverer Headed West

Neptune Marine has entered into an agreement with a major oil company in the Americas for the Neptune Discoverer. Terms and condition of the contract has been agreed upon and initialed and contract signing will take place within the next two weeks after final Board approvals. The firm contract period is for 1,460 days with a day rate of US $312,800.

The drill ship will mobilize immediately upon completion of its drilling program for Con Son in Vietnam, which is estimated to be around end November 2007.

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