HIGH Artic Energy Services has signed a new contract for the use of Rig 103 in Papua New Guinea.

High Arctic did not name the customer or put a value on the contract, but said it was expected to take about one year to complete on the current timeline.

The equipment included in the agreement includes Rig 103, the Rig 103 leap frog rig, a 93 man main camp and a 32 man leap frog camp and High Arctic owned drilling support equipment and matting.

High Artic president international Kevin Doran said the company was excited to be awarded the contract to drill wells for a new customer.

“We continue to be recognised as a leading oil field services provider in PNG due to our in-country experience and the safe and effective delivery of services.”

Based in Alberta, High Artic has domestic operations throughout Canada and international operations in PNG.

The Company is a provider of specialised oilfield equipment and services, including drilling, completion and work over related services.