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Spud of Rig 118 for KOC Contract 32310

Jan. 7, 2008: Burgan Co. spuds its Rig 118 on 7th Jan. 2008 at 03:00 hours for its KOC Contract No. 32310. The contract has two rigs and this is the first rig under the contract. The rig will be operating 24 hours for drilling & workover services for a period of 5 years.