Petrojack IV to Mobilize in Mid-January for PTTEP's Operations

Larsen Oil & Gas, as drilling contractor, has on behalf of Petrojack IV Pte Ltd, a wholly owned subsidiary of Petrojack ASA, signed a drilling contract with PTT Exploration & Production Public Company Limited. Length of contract is 5 years at a rate of US $151,000 per day.

PetroJack IV will mobilize immediately following delivery from Jurong Shipyard, scheduled mid-January 2009.

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