Singapore Yard Gets Repeat Jack-up Rig Orders

Sembcorp Marine's PPL Shipyard secures repeat rig orders from Oro Negro to build two jack-up rigs at US$417-million.

Sembcorp Marine’s subsidiary PPL Shipyard has secured orders for two turnkey contracts with a combined value of US$417 million for the construction of two units of jack-up rigs from repeat customer Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V (“Oro Negro”).

Scheduled for delivery at end of the fourth quarter of 2014 and end of first quarter 2015, the pair of high specifications and high performance deep drilling offshore jack-up rigs will be built based on PPL Shipyard's proprietary Pacific Class 400 design. Including the two jack-up rigs of similar design ordered in November 2012, the total number of Pacific Class 400 jack-up rigs ordered by Oro Negro now stands at four units.

Incorporating the latest drilling equipment for improved drilling efficiency, offline handling features and simultaneous operations support, these new rigs will be capable of operating in deeper waters of 400 feet and drilling high pressure and high temperature wells to depths of 30,000 feet. These rigs will be equipped with increased accommodation with full catering facilities and amenities for a complement of 150 people on board in one-man and two-man cabins.

Mr Gonzalo Gil, CEO of Oro Negro, said “We are pleased to have PPL Shipyard as the builder of another two jack-up rigs in our fleet. The first two units currently under construction are progressing well and we are confident that the strong collaboration will continue with the third and fourth jack-up units. Once operational, these high-specification jack-up rigs will further strengthen our rig fleet, positioning Oro Negro as a leading player to capitalise on emerging opportunities within Mexico’s growing offshore market.”