South Korea’s Posco International is mobilising a second deep-water drilling rig to Myanmar for continued development work at the Shwe gas field.
Posco already has the deep-water rig Ocean Monarch working at the Shwe field in a campaign of eight development wells that started in mid-December 2020.
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A spokesperson for Posco confirmed the company has contracted another rig - the semi-submersible Deepwater Nautilus – for development wells at the Shwe Phyu field.
