Sembcorp Wins $121M Rig Deal

Friday, March 11, 2005
PPL Shipyard, a subsidiary of SembCorp Marine has signed a rig building contract worth US$121 million with Wilsuperior Ltd, a subsidiary of Awilco Offshore ASA (AWIL) for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack Up Rig.

The Construction Contract is an option that PPL Shipyard granted to Awilco Offshore ASA in May 2004 and which the later has now decided to exercise. The contract takes effect in June 2005.

Construction of the jack-up rig is expected to commence in third quarter of 2005 with delivery scheduled in the second quarter of 2007.

The Baker Marine Pacific Class (.BMC Pacific.) 375 Deep Drilling Offshore Jack- Up Rig is a proprietary designed developed and owned by Baker Marine Pte Ltd, a wholly owned subsidiary of PPL Shipyard. The jack-up rig, to be named Wilsuperior, will be equipped with a drilling package that will enable it to drill high pressure and high temperature wells at 30,000 feet whilst operating in 375 feet of water. It has accommodation for 120 men.

Mr T. K. Ong, Managing Director of PPL Shipyard said .We are pleased that Awilco Offshore ASA has decided to exercise the option to build the second jack- up rig with us. Our confidence that more Baker Marine Pacific 375 Class jack-ups will be built is proving to be spot on. This is the sixth jack-up rig on order within a short span of one year since the launch of this design in early 2004.

Apexindo, Awilco Offshore ASA, Deep Drilling Invest and Petrojack ASA consider the BMC Pacific Class design a superior design that best meets their demanding performance requirements. added Mr Ong.

Mr C. Mørch, Managing Director of Wilhelmsen Marine Services AS said .Awilco Offshore ASA have chosen to exercise its first option under the contract with PPL Shipyard for the delivery of a Baker Marine Pacific Class 375, based on the excellent relationship established between our two companies during the construction of our first jack up unit to be delivered in the second quarter of 2006.

Speaking of the market, Mr Mørch added.We see an interesting market for this type of drilling units and are confident that this addition to our fleet will enhance our abilities to provide first class drilling equipment to our international clients. PPL Shipyard, a subsidiary of SembCorp Marine, is a rig-building yard with proven track record in the building and servicing of jack-up and semi-submersible rigs. To-date PPL Shipyard has built 26 jack-ups and 4 semi-submersibles, including two deepwater jack-up drilling rigs for Global SantaFe International.

Wilsuperior Ltd, a company registered in Bermuda is a wholly owned subsidiary of Awilco Offshore ASA of Norway. Awilco Offshore ASA has a long tradition of 40 years experience in shipping and in owning and operating offshore rigs worldwide.

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

People & Company News

Maritime Broadband Opens Office in Greece

Maritime Broadband has expanded its worldwide footprint by opening an office, Maritime Broadband Hellas, in Athens, Greece. The new office addresses the growing

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months Schottel  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

B COOL Acquires MEMAC

With the acquisition of MEMAC, B COOL A/S now offers customers one entry to multiple maritime systems – both refrigeration solutions and monitoring of the engine

Offshore

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months Schottel  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

Statoil: New Oil in the Grane Area

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader,

Offshore Oil: Lamprell Completes Caspian Sea Drilling Unit

UAE-based Lamprell said that it completed construction of the second Caspian Sea jackup drilling rig, Mercury, for service in the Caspian Sea.   "I am delighted

 
 
Maritime Contracts Navigation Pipelines Pod Propulsion Salvage 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: 0.2140 sec (5 req/sec)