Eric Watkins
Senior Correspondent
LOS ANGELES, Sept. 10 -- Egyptian Drilling Co. (EDC) has let a contract to SembCorp Marine subsidiary PPL Shipyard to build a $201 million Baker Marine Pacific Class 375 (BMC Pacific 375) jack up rig.
Construction is expected to start in the third quarter with delivery slated for December 2009.
The rig will be built based on PPL's proprietary BMC Pacific 375 Deep Drilling design and will be equipped with a drilling package capable of drilling high pressure, high temperature wells to 30,000 ft total depth, while operating in as much as 375 ft of water.
EDC is an equal joint venture of Egyptian General Petroleum Corp. and AP Moller-Maersk Group.
Contact Eric Watkins at [email protected].
