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Cairn secures contract for Cajun Express drilling rig

Cairn Energy, the FTSE 250 oil and gas group, has secured a long term contract with Transocean for the Cajun Express drilling unit.

Cairn Energy, the FTSE 250 oil and gas group, has secured a long term contract with Transocean for the Cajun Express drilling unit.

The rig, which is on an initial one-year contract, will be used on Cairn's planned multi-well frontier exploration programme in Senegal, Morocco and potentially other areas.

Operations will take place offshore Morocco on the Foum Draa licence in the second half of this year.

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The deep-water rig also has shallow mooring capabilities, and its performance to date indicates that it is a highly efficient rig with low operating downtime, the group said.

NR

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