Egyptian Drilling's second jack-up rig order for PPL
SEMBCORP Marine subsidiary PPL Shipyard has won a deal from repeat customer Egyptian Drilling Company (EDC) to build a jack-up rig with a contract value of US$220 million.
Scheduled for delivery in mid-2010, the rig is the second that EDC has ordered from PPL Shipyard.
It will be based on the same Baker Marine Pacific Class 375 (BMC Pacific 375) Deep Drilling design and proprietary components. It will be able to drill high pressure and high temperature wells at 30,000 feet while operating in 375 feet of water.
It will have accommodation with full catering and amenities for 120 people. The first EDC rig, now under construction by PPL, is scheduled to be delivered in December 2009.
Since the launch in 2004 of the BMC Pacific 375 class, 24 jack-up rigs based on this design have been ordered.
Sembmarine said that 11 have already been delivered, with 13 others in various planning, engineering and construction phases for delivery between 2008 and 2010.
The latest contract is not expected to have any material impact on Sembmarine's net tangible assets or earnings per share in the current financial year.
So far, PPL has built and delivered more than 32 jack-up rigs of various designs and specifications, as well as four semi-submersible rigs.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment