Petropod to Jack-Up in Singapore

Monday, June 25, 2007
A Norway-based PetroProd D&P I, a wholly owned subsidiary of PetroProd Ltd, has signed an EPC contract with Jurong Shipyard Pte Ltd of Singapore on June 22, 2007 for the construction of one MSC/Gusto CJ70 jack up rig at a cost of approximately $440 million to be delivered in 2010.

Petroprod Ltd is a company specializing in mobile production and field development mainly for small and medium size oilfields. It is managed by Larsen Oil & Gas and the main shareholders are associated with Larsen. The company is presently trading over the counter at the Oslo OTC and intends to seek full listing at the Oslo Stock Exchange later this year. The CJ70 is the world's largest jack up rig and is capable of drilling in water depths to 150 meters in harsh environment. The rig is well suited for simultaneous drilling and production and will be outfitted to meet rules and regulations for the Norwegian sector and can be applied world wide. The rig is classed with DNV and has a state of the art drilling package supplied by Sense EDM for efficient drilling to 45,000 feet. Source: ScandAsia

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

People & Company News

ClassNK Holds LNG Fuel Technologies Seminars

ClassNk held LNG-Fuelled Vessel Technologies seminars in Shanghai and Singapore on 22 July and 24, July 2014, respectively. With the industry looking to adopt

USCG Change of Command in Galveston

A Coast Guard lieutenant commander and graduate of Hastings High School in Houston, took command of Maritime Safety and Security Team Galveston during a ceremony in Galveston Thursday.

Miller Rejoins TITAN as Salvage Master

Captain Stuart Miller has rejoined Crowley Maritime Corporation’s TITAN Salvage operations team as salvage master, bringing with him over 30 years of worldwide,

Offshore

Wagenbourg New Crane for Oil, Gas, Energy Sector

Wagenborg Nedlift has expanded her crane fleet with a brand new 700 tonnes mobile crane. With this crane the fleet is significantly strengthened. Equipped with

Study: An Arctic Oil Well Blowout Could Spread More Than 1,000km

Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska,

Westermeerwind Wind Farm Construction Begins

Mammoet announced today that Westermeerwind BV has reached financial close on July 25 for the turnkey construction of the Westermeerwind wind farm in Ijsselmeer,

 
 
Maritime Contracts Maritime Standards Navigation Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Sonar 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: 0.1244 sec (8 req/sec)