KrisEnergy has already farmed in for a 50% stake in each block and the Singapore independent is now in the market for a semi-submersible rig for Block 120 and a jack-up for Block 105.
The aim is to start drilling, targeting oil plays, on Block 120 in mid-2012 while the first well on Block 105, which is prospective for oil and gas, is scheduled for the end of 2012 or early 2013.
Neon
