A Diamond Offshore Drilling subsidiary has received a drill rig contract from Canada-based oil exploration company CGX Energy.

The Diamond unit will charter its Ocean Saratoga semi-submersible drilling rig, which will be used to drill Eagle-1 well, offshore Guyana.

The well is located on CGX’s 100% owned and operated Corentyne petroleum prospecting licence.

The Eagle-1 well will appraise the Eocene and Maastrichtian geologic formations to a total depth of 4,300m.

The subsidiary will also drill the Jaguar-1 well, which will appraise the Turonian geologic formation to a depth of 6,500m.

The Eagle-1 well will take 60 days to drill.