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Sembcorp Marine secures $296m order to build jack-up rig

Published on May 21, 2014 1:40 PM
 
A unit of marine and offshore engineering group Sembcorp Marine has clinched a US$236 million (S$296 million) contract to build a jack-up rig, the Singapore-listed group said on Wednesday, May 21, 2014. -- PHOTO: BLOOMBERG

SINGAPORE - A unit of marine and offshore engineering group Sembcorp Marine has clinched a US$236 million (S$296 million) contract to build a jack-up rig, the Singapore-listed group said on Wednesday.

Jurong Shipyard, a subsidiary of Sembcorp Marine, will build the tailor-made rig for new customer Hercules North Sea and deliver it by the second quarter of 2016.

The rig will be designed to operate in waters of 400 feet and drill to depths of 30,000 feet, Sembcorp Marine said. It will be chartered out to Maersk Oil and Gas for deployment in the British sector of the North Sea.

Hercules North Sea is a unit of Nasdaq-listed Hercules Offshore, which offers jack-up drilling and liftboat services with a fleet of 36 jack-up rigs and 24 liftboats.

 
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