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Global Petro Tech has signed a contract with COSL for JackUp COSLForce.
The contract term is three years plus nine-month option charter.The unit is presently on standby in Sharjah, UAE, awaiting final approvals. It is expected to mobilize to the first drilling location in the next week or so. As with jackups COSLCraft and COSLSuperior, which mobilized to the Middle East in late 2009, the nine-month option on COSLForce is due for exercise six months prior to the end of the firm charter.
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