Parker commences Alaska drilling with first of two Arctic drilling units

12/14/2012

Parker commences Alaska drilling with first of two Arctic drilling units

HOUSTON -- Parker drilling announced it has commenced drilling operations with rig 273, the first of two Arctic Alaska Drilling Unit (AADU) rigs the company has developed to safely and efficiently perform in environmentally sensitive, harsh arctic environments. Rig 273 initiated operations earlier this week under the terms of the company's five year contract with BP. The company's second AADU, Rig 272, remains on schedule for acceptance testing in 2013.

These are exciting times for our team, said Gary Rich, President and CEO of Parker. "True to our heritage of ingenuity and determination, our team is successfully conquering the challenges of developing technological advances and high performance resources for harsh arctic environments. We thank BP for working with us to ensure these AADU rigs meet our shared performance objectives for safety and efficiency and we look forward to continuing to work with BP to unlock the full potential of this promising region."

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