Semi-Submersible Rig Secured for Tui

Tamarind is pleased to announce that it has entered into a contract with COSL Drilling Europe AS for the semi-submersible rig, Hai Yang Shi You 982 (“HYSY 982”). The contract consists of three (3) firm wells, and options to extend the contract terms for up to one (1) optional side-track development well and up to one (1) optional exploration well, all to be drilled within the Tui permit. The drilling program is due to commence in Q2/Q3 2019.

Tamarind is very pleased to be using this new, sixth generation unit, that will bring a new level of sophistication in the drilling of offshore wells in New Zealand. Tamarind is excited by the potential that this campaign brings and to be undertaking this program with COSL, who will provide a rig that meets the highest health, safety, environmental and performance standards.