UPL UOG BOIL RBD – Letter of intent with Ensco for a jack-up rig to drill the Colter and Wick wells

Corallian Energy has entered into a letter of intent (LOI) with UK based drilling contractor Ensco U.K. Ltd for the provision of a jack-up drilling unit to drill its Colter and Wick wells. Within the LOI the parties have agreed, subject to approvals and consents, headline terms for a suitable unit to conduct drilling operations in Q3/4 2018.

Full announcement at http://www.corallian.co.uk/news.html