SembCorp Marine units win two jack up contracts

SembCorp Marine Ltd. subsidiary PPL Shipyard has received a $190 million contract to build a jack up drilling rig for Offshore Group Corp., the third rig ordered by the company.

Eric Watkins
Senior Correspondent

LOS ANGELES, June 27 -- SembCorp Marine Ltd. subsidiary PPL Shipyard has received a $190 million contract to build a jack up drilling rig for Offshore Group Corp., the third rig ordered by the company.

Construction of the rig is expected to start in the third quarter, with delivery scheduled for September 2009, SembCorp said.

In May, SembCorp Marine said its subsidiary Jurong Shipyard, won a $442 million contract to build a drilling and production jack up for Petroprod Ltd., with delivery expected in mid-2010.

SembCorp Marine said the harsh-environment jack up will be built based on the CJ70 design with suitability for operations in the Norwegian sector of the North Sea.

Contact Eric Watkins at hippalus@yahoo.com.

More in Drilling & Production