Russia's Gazpromneft Subsidiary Rents Okhotsk Sea Drilling Rig From Japan

© Photo : Japan Drilling Co., Ltd.HAKURYU-5 semi-submersible floating drilling rig
HAKURYU-5 semi-submersible floating drilling rig - Sputnik International
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The subsidiary of Russia's Gazpromneft has signed a contract with Japan's Hakuryu 5 company to rent its drilling rig to construct an exploration well in the Russian continental shelf, the company said Tuesday.

MOSCOW (Sputnik) — Gazpromneft Sakhalin acquired a 22-year license to explore, develop and produce hydrocarbons on the continental shelf of the Sea of Okhotsk, known as the Ayashsky block, last month.

"The HAKURYU-5 semi-submersible floating drilling rig will fully complete the drilling during the summer of 2017, and will provide well testing and core recovery for laboratory research," Gazpromneft said.

Vladimir Putin, Russia's president, and Shinzo Abe, Japan's prime minister, arrive for a working lunch at the prime minister's official residence in Tokyo, Japan, on Friday, Dec. 16, 2016. - Sputnik International
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The Ayashsky block is estimated to house more than 100 million tonnes of oil equivalent of recoverable reserves. It is located next to the developed fields of the Sakhalin-1 and Sakhalin-2 projects, and forms part of the Sakhalin-3 project.

Hakuryu 5 is a full subsidiary of Japan Drilling Co., Ltd.

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