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Shell Todd Confirm Option Well for Kan Tan IV

Shell Todd has exercised option for one additional well to be drilled by Kan Tan IV in New Zealand

Shell Todd Oil Services Ltd, acting on behalf of joint venturers in PMP381203 and PML381012, has exercised the first of two options for additional wells to be drilled by Kan Tan IV in the Taranaki basin offshore New Zealand.

The Kan Tan IV is managed by Frigstad Offshore Drilling (Cyprus) Ltd on behalf of owner Sinopec Star Petroleum Company Ltd. The rig is an Enhanced Pacesetter delivered by FELS in Singapore in 1983, capable of operating in up to 2,000ft of water depth and equipped with a 18-3/4 15K BOP. The rig completed an extensive refurbishment program including 5yr SPS and dry docking at Keppel FELS in Singapore at the end of 2012 and was put back into service in Q1 2013, drilling for Eni in South China Sea before mobilizing to New Zealand to drill for OMW, AWE and Shell-Todd.