Business
Rig Contract
Rig Contract.
About this update from Genel Energy Plc
[{"type":"text","content":"\n \nRNS Number : 6811D Genel Energy PLC 01 May 2013 \n \n\n1 May 2013\n \nGenel Energy plc\n(\"Genel Energy\" or the \"Company\")\n \n \nGenel Energy signs rig contract for offshore drilling programme\n \nGenel Energy is pleased to announce that it has signed a drilling rig contract with Noble Corporation (\"Noble\") for its African offshore drilling programme. The Noble Paul Romano deepwater, semi-submersible rig will be used to deliver a high impact drilling campaign over a 2 year period, starting in the last quarter of 2013. The rig, which is currently undergoing a special 5 year class survey in Valletta, Malta, has a rated water depth of up to 1,800 metres and a drilling depth of approximately 7,500 metres.\n \nAGR will be providing drilling management services.\n \nCommenting on the secured rig contract, Dr. John Hurst, Head of Exploration for Genel, said:\n \n\"We are very pleased to have concluded the rig contract with Noble. This rig is capable of drilling all of Genel Energy's off shore wells in the African portfolio and will be available to us for our first well in the fourth quarter. Securing the rig is an important component of our commitment to deliver an exploration drilling campaign of 5-6 high impact wells per annum, targeting over 3.3 billion boe of net unrisked prospective resources.\"\n \n-ends-\n \n \nFor further information, please contact:\n \n\n\n\n\nGenel Energy\nJulian Metherell, Chief Financial Officer\nNatalie Fortescue, Investor Relations\n\n\n+44 20 7659 5100\n\n\n\n\n \n\n\n\n\nM: Communications\nPatrick d'Ancona\nAndrew Benbow\n\n\n+44 20 7920 2330\n\n\n\n\n \n \nNotes to editors:\n \nGenel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL). The Company, with headquarters in London and additional offices in Ankara and Erbil, is the largest independent oil producer and the largest holder of reserves in the Kurdistan Region of Iraq and, through value-accretive acquisitions, is building a high impact exploration portfolio within the Middle East and Africa. For further information, please refer to www.genelenergy.com\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchang...