PPL Shipyard, a subsidiary of SembCorp
Marine signed a rig building contract worth $133.7 million with PT
Apexindo Pratama Duta Tbk (.Apexindo.), the largest Indonesian oil & gas
drilling company for the construction of a Baker Marine Pacific Class 375
Deep Drilling Offshore Jack Up Rig
The Baker Marine Pacific Class (.BMC Pacific.) 375 Deep Drilling Offshore
Jack Up Rig is a proprietary design developed by Baker Marine Pte Ltd, a
subsidiary of PPL Shipyard.
ContractIncorporated in the design of the rig is the Baker
Marine Time Tested Proprietary Jacking System that could withstand storms
without the use of a Rack Chock System. The jack-up rig is equipped to drill
high pressure and high temperature wells of more than 25,000 feet and
operating in 375 feet of water. It has accommodation for 120 men.
Construction of the jack-up rig is expected to commence in the first quarter of
2005 with delivery scheduled in January 2007.
Mr Hertriono Kartowisastro, President Director of Apexindo said .Apexindo
has chosen PPL Shipyard to build its newest jack-up rig because of its long
standing reputation in constructing offshore rigs, especially jack-up..
Apexindo realizes the promising future of offshore market, especially for
jack-up rigs, in Indonesia, Southeast Asia, as well as in the Middle East.
Therefore, we would like to enhance our competitive advantage by acquiring
a new jack-up.
Mr Pierre Ducasse, COO of Apexindo said
.Apexindo.s Rani Woro jack up, a
Baker Marine 300 unit, with its outstanding performances and capabilities,
was the determining factor for the decision to select the new BMC Pacific
design to be built by PPL Shipyard as our final choice. The Baker Marine
Pacific Class proven design associated with its latest technologies and
modern drilling equipment will certainly enhance our capacity to serve the oil
& gas industry.