Frigstad,
which
manages
the
rig
on
behalf
of
China’s
Sinopec,
said
the
rig
would
be
used
in
OMV’s
initial
three-month
campaign
in
PEP
51906,
in
the
Taranaki
basin.
Drilling
will
be
centred
around
the
Matuku
prospect
and
is
expected
to
begin
in
the
third
quarter
of
next
year.
Frigstad
did
not
provide
day
rates
for
the
rig
but
said
the
agreement
allowed
for
the
possibility
of
additional
drilling.
The
recently
refurbished
Kan
Tan
IV
is
an
F&G
Enhanced
Pacesetter
which
was
built
by
Singapore’s
Keppel
Fels
in
1983
and
is
capable
of…
