New Drilling Contract for “HAKURYU-14” (Vietnam)

August 31, 2025
ENEOS Drilling Limited agreed to provide drilling services with a jack-up drilling rig “HAKURYU-14” to subsidiaries of Murphy Oil Corporation (“Murphy”) based on the subcontract with PetroVietnam Drilling & Well Service Corporation who secured the drilling contract from Murphy.

The main terms of the drilling contract are as follows:
Operating Area Offshore, Vietnam
Contract Period 2 firm wells +optional wells
Estimated Commencement September 2025