Maersk Convincer Secured for Offshore Vietnam Basin

SOCO has been informed by the Hoang Long Joint Operating Company, Operator of Block 16-1 in the Cuu Long Basin offshore Vietnam, that the jack up rig Maersk Convincer, owned by A.P. Moller - Maersk A/S (trading in the name of Maersk Drilling), jointly operated and contracted through PV Drilling, has been secured to drill the Te Giac Den 2X appraisal well. The well is scheduled to spud in early June 2010.

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