PNG Timeline

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.