Friday, July 3, 2009

Daily news - 3 Jul

SembMarine bags another rig contract
Sembcorp Marine subsidiary Jurong Shipyard has secured a second contract to complete a semi-submersible rig for SeaDragon Offshore unit Oban B. The contract is worth US$237.3 million, excluding owner-supplied equipment. SembMarine secured a US$247 million contract for a similar rig in April. 'We thank SeaDragon again for its trust and commitment to work with Jurong after the first contract was signed in April,' said Jurong Shipyard's offshore division senior general manager Don Lee. The first unit is a fast-track job scheduled for delivery by the end of next year, as it was signed up for a five-year charter with Mexico's Pemex. The second rig does not have a charter secured yet. But reports last year suggested there may be parties interested in buying it from SeaDragon. The six-column bare-deck hull, built in a Russian yard, arrived early last month. Jurong will turn it into one of the world's most advanced harsh-environment ultra-deepwater semis. The rig, scheduled for delivery by end-June 2011, will be able to operate in water up to 10,000 feet, with a maximum drilling depth of 30,000 feet. Its ability to operate in all conditions will give it multi-region flexibility to operate worldwide.

Source: Kim Eng

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