AUSTRALIA

Titan close to APLNG deal, fourth rig

TITAN Energy Services will buy a fourth rig for its drilling division, with a letter of commitment for the rig already signed with the Australia Pacific LNG joint venture.

James McGrath

The potential contract with APLNG will be for one year, with two one-year options to extend. While an exact figure on the contract cannot yet be released, Titan said the total rig package would cost...

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