Jurong secures contract to build PetroMena semi

Offshore staff

(Asia-Pacific) - Jurong Shipyard Pte Ltd. says its letter of intent with PetroRig I/PetroMena ASA under management by Larsen Oil & Gas to build a semisubmersible rig is now effective at a contract value of $422.7 million.

The contract is signed with PetroRig I Pte Ltd, a company incorporated in Singapore and a wholly owned subsidiary of PetroMena ASA.

The contract value is $22.7 million higher than the original $400 million announced in August.

Jurong Shipyard says it would build the sixth generation ultra deepwater semi based on the Friede & Goldman Ex-D-design.

The semi is capable of operating in challenging deepwater arenas and is also engineered for stability and versatility with operational displacement of 43,400 tons at 17 m draft and 46,750 tons at 20 m draft.

The construction contract takes effect next month with delivery scheduled not later than January 2010.

10/27/05