High Arctic’s Rig 103 Secures Contract with Eaglewood Energy
High Arctic secures a new contract for Rig 103 to drill two wells (+ 2 options) for Eaglewood Energy.
High Arctic secures a new contract for Rig 103 to drill two wells (+ 2 options) for Eaglewood Energy.
Rig 104, the same design and specification as Rig 103, was mobilized to Papua New Guinea and begins its first well under contract with Oil Search.
High Arctic continued its growth in Papua New Guinea by mobilizing and operating Hydraulic Workover Rig 102, previously known as “The Cadomin”.
During 2007, High Arctic provides management services related to the construction of an additional heli-portable rig mobilized to Papua New Guinea. By the end of year, Rig 103 already spud its first well under a contract with Oil Search.
In February 2007, High Arctic enters into a drilling services contract with Oil Search Limited to operate a heli-portable rig in Papua New Guinea. The designated Rig 101 spud its first well in October of the same year.