Sources said Dragon Oil has issued an expression of interest for a jack-up drilling unit rated for 300 feet of water for a five-year drilling contract off Turkmenistan.

The Caspian Sea-focused explorer is likely to remain open to rig designs, though it has specified a preference for either a Friede & Goldman Super M2 or LeTourneau Super 116E design unit.

The start date of the charter was not specified, but sources said the rig construction and delivery will take about two to three years.

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