BOT Lease Co. Ltd (BOTL), a leasing company of The Bank of Tokyo-Mitsubishi UFJ, has let a $240-million contract to Sembcorp Marine subsidiary PPL Shipyard to build a jack up drilling rig. Japan Drilling Co. Ltd. (JDC) will serve as project coordinator.
The rig, Hakuryu 14, is scheduled for delivery at the end of October 2016, and will be built based on PPL Shipyard’s Pacific Class 400 design, capable of drilling high-pressure and high-temperature wells to depths of 35,000 ft.
The design includes a 2-million-lb hook load capacity along with offline handling features and simultaneous operations support. It will be able to accommodate 150 people.
This is the second jack up that PPL Shipyard is building for BOTL. The first unit, Hakuryu 12, is currently under construction with contractual delivery expected at the end of January 2015.
