Petrojack Sells Two Rigs

Tuesday, July 18, 2006
Petrojack ASA has sold two of its jackup rigs under construction at Jurong Shipyard in Singapore, the PetroJack I and PetroJack III at a combined price of $420m to A.P. Møller-Maersk. The sale is constructed as a sale of the shares in the rig owning companies PetroJack I Pte Ltd and PetroJack III Pte Ltd residing in Singapore. The two jack-ups are of Baker Pacific Class 375 design. They will be capable of operating in water depths up to 375 feet in Asia Pacific, the Middle East, the Mediterranean, Latin America, West Africa as well as in the harsh environment of the central and southern parts of the North Sea. The rigs distance themselves from conventional jack-ups in several areas, not least on the drill floor where the highly mechanised equipment leads to increased safety of the crew. The sophisticated drilling equipment will also make the rigs well qualified for drilling deep and difficult wells, including high temperature / high pressure wells. A total of 120 people can be accommodated on board. The 2 remaining jack-up rigs in the company's fleet have the same specification
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Damen Delivers Custom-Made Offshore Winches to Fugro

Damen Maaskant Shipyards, part of Damen Shipyards Group, has delivered two dedicated offshore winches to Fugro. The Dutch shipyard was responsible for the design,

Shell: UK Should Reduce North Sea Oil Tax

The British government should review a supplementary tax charge on North Sea oil producers as it has made the operation of some fields unrealistic, Shell Chief

Shell Eyes Arctic Drilling this Summer

Oil major Shell wants to revive its Arctic oil drilling programme this year after a near two-year suspension, angering environmentalists who say the risk of an oil spill is too high.

Navy

Australia Gives Landing Craft to the Philippines

The Australian Government will gift two recently-decommissioned Landing Craft Heavy vessels, including a package of spare parts, to the Philippines Government,

Cutlass Express 2015 Commences

Maritime forces from East Africa, South Africa, Europe, Indian Ocean nations, the United States and several international organizations began the fourth iteration

India Seeks Submarine Cooperation with Japan

The government of India has put forward a proposal of over Rs 50,000 crore ($6 billion) project to construct six stealth submarines in India. India is especially

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2470 sec (4 req/sec)