Niko Resources has signed a four-year charter contract with a subsidiary of Diamond Offshore, a deepwater drilling contractor.

The $700m-plus contract has an option of one additional year and will commence between 1 June and 15 August 2012.

The rig Ocean Monarch will be deployed for exploration activities across Niko’s exploration portfolio, reports your oilandgasnews.

The rig is a fifth-generation semi-submersible vessel capable of operating in water depths up to 10,000ft and a drilled depth of up to 35,000ft.

Canada-based independent oil and gas operator Niko has stake in 16 production-sharing contracts (PSCs) in Indonesia.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.