Energy Drilling receives letter of award for 30-month drilling campaign for T-16
Cyprus, Oct. 27 -- Energy Drilling, a wholly owned subsidiary of SED Energy Holdings Plc ("Energy Holdings"), has received a letter of award from Carigali-PTTEPI Operating Company Sdn. Bhd. ("CPOC") for a 30-month offshore drilling campaign, with options for up to an additional 15 months, for its tender-assist drilling rig T-16 in Malaysia. The firm contract period has an estimated value of approximately USD 87 million including mobilization fees. The award covers Phase 7 of CPOC's development campaign in the Malaysia-Thailand Joint Development Area. The T-16 is currently completing Phase 6 of the same campaign, with a firm term through December 2026 and options for further extensions. Based on the latest estimates, the current campaign is ...
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