Parker Drilling Co., Houston, has announced two new contracts with Swift Energy New Zealand Ltd. The first is a six-month term contract for land rig 246, which has been working for Swift on a well-to-well basis for the past two years. The rig has been mobilized and has already spudded another well.
The second is a one-well contract for land rig 252. The rig will drill one shallow well, and Swift has retained an option for a second well.