DRILLING

Smedvig receives Petronas LOI

PETRONAS Carigali has issued a LOI to Smedvig for production drilling operations offshore Malaysi...

Under the terms of the LOI, the contract will be for eight months starting 15 November and is worth an estimated US$10 million.

Smedvig’s share in Varia Perdana is 49%. The balance is held entirely by SapuraCrest Petroleum.

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