SINGAPORE – Sembcorp Marine subsidiary PPL Shipyard has received a contract to build a jackup drilling rig from BOT Lease Co., a leasing company of The Bank of Tokyo-Mitsubishi UFJ. The contract value is $220.5 million, excluding the cost of project management team and pre-operations.
Scheduled for delivery at end January 2015, the new rig will be built based on PPL Shipyard’sPacific Class 400 design. The high-specification jackup is capable of operating in depths of up to 400 ft (122 m) and can drill to depths of 30,000 ft (9,144 m).
Japan Drilling Co., Ltd will be the coordinator in the project and will provide the project management team during the rig construction phase.
PPL has received orders for 12 Pacific Class 400 jackups and delivered six since the series was launched, the company said.