Jurong Shipyard to deliver second jackup to PetroJack

Jurong Shipyard is on track to deliver the jackup PetroJack II to PetroJack ASA, a subsidiary of Norwegian energy group Larsen Oil & Gas, following the rig's naming ceremony on March 8, 2008.

Offshore staff

SINGAPORE -- Jurong Shipyard is on track to deliver the jackup PetroJack II to PetroJack ASA, a subsidiary of Norwegian energy group Larsen Oil & Gas, following the rig's naming ceremony on March 8, 2008.

Scheduled for delivery in 1Q 2008,PetroJack II is the second unit of four deep-drilling offshore jackup rigs originally contracted to Jurong Shipyard by PetroJack, which subsequently sold the first and the third unit to an international Danish drilling contractor. The fourth unit, to be named PetroJack IV, is scheduled for completion in 4Q 2008.

PetroJack II is built based on the group's proprietary Baker Marine Pacific Class 375 (BMC Pacific 375) design. The jackup rig will be capable of drilling high pressure and high temperature wells to 30,000 ft (9,144 m) while operating in 375 ft (114 m) of water. Designed with accommodation for 120 men, the rig has the capacity for large variable loads, a large liquid mud and bulk mud capacity, extensive deck space, and a large jacking capacity for preload jacking.

PetroJack II has secured a four-year charter with an international contractor for drilling operations in the Middle East.

In addition to the two BMC Pacific 375 jackup units, Larsen Oil & Gas, also ordered one harsh environment CJ70 design deep drilling jackup unit as well as three units of sixth generation ultra deepwater dynamic positioning semisubmersible drilling units through subsidiaries PetroProd Ltd. and PetroMena ASA, respectively.

03/11/2008

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