This agreement is between an operator and a participant. Operator is the owner of the leasehold interest in the oil and gas leases described in Exhibit A to this Agreement. Participant desires to acquire an undivided interest in a portion of the Leases, in the manner provided for in this Agreement, and desires to enter into this Agreement for the purposes of joining Operator in the exploration of and development of the Leases.
Drilling Contract Template With Exxonmobil
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US-OG-219
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ExxonMobil's Santa Ynez Unit (SYU) consists of three offshore platforms, and an onshore processing facility at Las Flores Canyon. A pipeline once transported oil from Las Flores Canyon to inland refineries.
A drilling contract should contain a description of all equipment to be used, such as the rig and power source. The contractor furnishes the rig and a crew of sufficient size/experience to do proper drilling operations.
With more than a century dedicated to finding and producing oil and gas, ExxonMobil has built an incomparable level of experience in how to do it right.
International rig contractor Nabors Industries has drilled the first of three wells in the Permian Basin for ExxonMobil, testing what it said is the world's first fully automated land rig.
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Proposed merger with Maersk Drilling expected to close later this year. The jackup Odin drilling rig began a contract with Pemex earlier this year.