PPL Shipyard, a subsidiary of SembCorp Marine (SMBMF)
, has secured a rig building contract worth $155m from Offshore Group Corp.
for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jackup Rig.
Construction of the jackup rig is expected to commence in December 2006 with delivery scheduled in July 2009.
The jackup rig will be built based on PPL's proprietary Baker Marine Pacific Class 375 Deep Drilling design. The rig will be equipped with a drilling package that will enable it to drill high pressure and high temperature wells at 30,000 feet while operating in 375 feet of water. It has accommodation for 120 men.
is a rig-building yard with proven track record in the building and servicing of jackup and semisubmersible rigs. It has recently delivered two units of new generation Baker Marine Pacific Class 375 Deep Drilling jackup rigs to owners.