Drillship Contracts Worth US$4-billion Awarded to Sembcorp

Press Release
Wednesday, August 08, 2012

Sembcorp Marine secures US$ 4.032 Billion drillship contracts from Sete Brasil.

Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiarieshas secured contracts from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of five drillships based on Jurong Shipyard’s proprietary Jurong Espadon drillship design.

In addition to the above, Sembcorp Marine had earlier in the year announced that its wholly-owned Brazilian shipyard Estaleiro Jurong Aracruz Ltda secured a US$792.5 million contract for the design and construction of a drillship with Guarapari Drilling B.V., Netherlands, a subsidiary of Sete Brasil. 

All six drillships will be built based on the Jurong Espadon design, which represents the next generation of high-specification drillships with advanced capabilities for operational efficiency and ultra-deepwater operations worldwide. 

Each of the drillships will be equipped with state-of-the-art drilling facilities, a larger deck area, efficient deck arrangement and a large moon pool for enhanced drilling operations as well as DP-3 (Dynamic Positioning Class 3) capabilities and superior motion.  They will be capable of operating at 10,000 ft water depth and drilling to depths of 40,000 ft, with accommodation facilities for a crew of 180 personnel.

Scheduled for deliveries between 2Q 2015 to 2Q 2019, the six drillships will be among the first in a series of drillships to be built in Brazil to cater to the oil and gas discoveries in the offshore giant pre-salt fields of the Santos Basin.  On delivery, the six drillships will be chartered to Petrobras for 15 years.  Three of them will be operated by Odfjell and the other three by Seadrill.


 


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