The ship was to drill on a 300,000 acre (1.2 million hectares) block. Conoco is the operator and holds a 50% stake in the operation, while Malaysian state oil company Petronas holds an equal stake.
HOUSTON: Oil producer ConocoPhillips said all staff were safely evacuated from a drillship that listed and sank off the coast of Malaysia on Tuesday.
The Naga 7 drillship was being placed at a site off the coast of Sarawak state when one leg of the jack-up rig penetrated the soil, according to owner Velesto Energy Bhd
. No drilling had begun.
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