Rig 116 arrives in PNG commencing contract with InterOil after an extensive refurbishment and incorporating additional upgraded capability. Similar upgraded capability is subsequently integrated in to Rig 115 as well.
The spudding in of appraisal well Triceratops #3 for InterOil marks the start of operations in PNG for Rig 115.
Rig 115 arrives in PNG after a fulsome upgrade and refurbishment and commences contract with InterOil.
To meet the growing demand for High Arctic’s drilling services, High Arctic negotiates the purchase of two “near new” 1500 Horse Power Heli-portable drilling rigs from Brazil and ships them to Houston, Texas for a comprehensive upgrade and rebirth by the Original Manufacturer.
With oilfield activity levels in PNG at an all-time high, High Arctic deploys 9,600 HDPE Mat units across all five key customers.
Following agreement in December 2013, Rig 103 commences contract services for InterOil in January 2014 commencing with Raptor exploration well and followed by two successful Antelope wells. The contract coincides with the addition of InterOil to High Arctic’s HDPE Mat Systems customer base.
Renew contracts with Oil Search to operate drilling rigs 103 and 104 for a further 3 years and provide support services to drilling operations.
Increase in the PNG holding of Durabase® Mats to over 7,500 units to meet high demand associated with the PNG LNG project.
