The Schlumberger contract, which has a primary term of 3 years, covers two 2,000-hp newbuild land rigs—Rigs 266 and 267—that will be used for drilling in southern Mexico. Work is scheduled to begin in the third quarter.

The 2-year Calik contract contains an option to extend for an additional year. It covers Rig 230, which is expected to mobilize and begin drilling in eastern Turkmenistan in the second quarter.

PIN/OGJ.COM