LeTourneau, PetroVietnam Jack-up Contract

Tuesday, June 02, 2009

Rowan Companies, Inc. (NYSE: RDC) announced that its wholly-owned subsidiary, LeTourneau Technologies, Inc. (LTI) has entered into a contract to provide the rig kit, license and certain technical consultancy assistance to Vietnam's PetroVietnam Marine Shipyard J/S Company (PetroVietnam Shipyard) for the construction of a newbuild LeTourneau Super 116E jack-up rig with 377 ft of leg. PetroVietnam Shipyard will construct the Super 116E jack-up for Vietnam Oil & Gas Group (PetroVietnam) in Vung Tau City, S. R. Vietnam.

LTI's contract with PetroVietnam Shipyard, valued at approximately $40m, provides key rig kit equipment, designed and fabricated by LTI, including the leg components, elevating system, controls, spud can materials, cantilever skidding system and hold-down structures. LTI will deliver the rig kit equipment in stages commencing in the fourth quarter of 2009 with the final shipment in the third quarter of 2010.

The Super 116E Class is one of five current LTI jack-up rig designs, and is an evolution of LTI's industry workhorse 116-C Class design. The Super 116E provides for up to 2,000 kips greater payload than its predecessor and is designed to drill in up to 350 ft of water in moderate environmental locations. The rig can be outfitted to handle high temperature/high pressure wells.

LTI built the world's first jack-up drilling rig in 1955. Today, LTI is an acknowledged leader in the supply of offshore jack-up drilling rigs with a well-known track record of dependability, a reputation for the finest technology, and a company-wide commitment to innovation and customer responsiveness.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Japan LNG Imports Hit Record Levels

Japan imported record volumes of liquefied natural gas (LNG) and thermal coal in the fiscal year ended in March, as the country's  shutdowns of nuclear stations

Container Ship Delivers First Boxes to Great Lakes Port

The US Coast Guard say that the 'Fortunagracht', a 450-foot Dutch-flagged container ship, has delivered the first-ever load of containerized cargo to the Great Lakes.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Offshore

SSI Rep Sponsors Brazilian Offshore Seminar

SSI and its representatives continue to engage with leaders of the shipbuilding and offshore industry to help increase productivity and solve business challenges.

Sakhalin Energy, Sovcomflot Order Newbuild

The companies have signed a number of agreements for construction and long-term operation of the vessels for Sakhalin-2 project. At an official ceremony in Moscow,

BP to Outline Enhanced Oil Recovery

Euan Duncan, Discipline Lead Reservoir Engineer at BP, will address SPE Aberdeen’s members and the wider public on April 23, at a presentation covering how EOR

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1118 sec (9 req/sec)