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Energy Drilling wins $87-million T-16 rig contract offshore Malaysia

Energy Drilling, a subsidiary of SED Energy Holdings, has received a letter of award from Carigali-PTTEPI Operating Company (CPOC) for a 30-month drilling campaign using its tender-assist rig T-16. The award includes options for up to 15 more months. The firm term is worth about $87 million, including mobilization fees. The work covers Phase 7 […]