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New offshore drilling operations of GSP Jupiter in the Black Sea for Melrose Resources

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GSP Jupiter, the cantilever jackup offshore drilling rig, will operate on the Bulgarian continental shelf for Melrose Resources.

The contract to drill the Kavarna East prospect will start in Jully, 2010. The structure lies between Kavarna and Kaliakra gas reserves, the offshore reserve being estimated at 12 billion cubic feet (bcf).

GSP Jupiter shall also operate for Kaliakra East as part of the same field operational program. Kaliakra East reserve is estimated at 50 bcf.

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