Jurong Shipyard Pte Ltd (JSPL), a subsidiary of SembCorp Marine Ltd has skidded the massive 14,000 ton upper hull of a $285 million semi-submersible rig over the lower hull. It is reportedly the first of its kind involving the skidding of such a heavy structure. It was conceived, designed and constructed over a two-year period. Pte Ltd (PPL) entered into a fixed price agreement with GlobalSanteFe Corporation (GSF) for the construction of two units of Friede & Goldman ExD designed deepwater semi-submersible drilling rigs. Valued at $285 million each, inclusive of equipment, project management and other services furnished by client, the agreement also covers options to build two additional units of semi-submersible to be exercised at specific dates.