Ploiesti March 15th, 2016

Our Technical Department in Moreni is in the final phase to complete our newest addition to our rig fleet: Futura 5 is expected to be ready for release to the field by April 1st, 2017.

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Futura 5 is another rebuilt Cardwell KB 200C equipped with a 600 HP engine and a 112 ft mast with 130 metric ton hook load capacity. As all our previous Cardwell’s, Futura 5 has been rebuilt at RNP (Remont Naftnih Postrojenja) Zagreb. The experience gained in more than 2,000 drilling days with the predecessors has been used to design and produce a superior drilling rig for drilling depth down to 2,200 m. The rig will be equipped with the well-tried HX150 Tesco Topdrive. However it is planned to deploy the rig in a work over configuration to Poltava region in the Ukraine to perform work overs under a contract for Ukrgasvydobuvannya.