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SED Energy Unit Wins $87 Million Drilling Contract in Malaysia

MT Newswires·10/27/2026 03:30:00
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03:30 AM EDT, 10/27/2026 (MT Newswires) -- SED Energy Holdings (ENH.OL) unit Energy Drilling secured an $87 million contract for its tender-assist drilling rig T-16 in Malaysia from Carigali-PTTEPI Operating Co. The letter of award covers a 30-month offshore drilling campaign, with options for up to an additional 15 months, the industrial investor said Tuesday. The award covers phase 7 of Carigali-PTTEPI Operating's development campaign in the Malaysia-Thailand joint development area, which is expected to commence early in the third quarter of 2027. Following completion of the project, the rig will be demobilized to Singapore.