The Semi-submersible Kan Tan IV is currently in transit from Trinidad to Australia to commence operations for an ADA managed drilling consortium of 5 Operators. The combined rig program is scheduled for 559 days, with the Kan Tan IV due to arrive in Geelong, Victoria late May and operations commencing mid July after completing a rig upgrade. During the term the Kan Tan IV will  be managed by Maersk Drilling and operating in both Australia and New Zealand waters.