Daewoo International is about to begin a five-month drilling campaign off Burma where it has hired one of Transocean’s semi-submersibles.
It is not known which blocks the South Korean company will be working in.
The company is currently developing the Shwe gas project, which Daewoo says has independently certified recoverable reserves of up to 8.6 trillion cubic feet of gas in Blocks A-1 and A-3 off Burma.
Transocean says its 3500-foot water depth semi-submersible Transocean Legend is on hire to Daewoo from September 2008 to January 2009 at a dayrate of $411,000.
http://www.upstreamonline.com/incoming/article162390.ece