PPL Shipyard wins contract to build two jackups

Egyptian Offshore Drilling Co. (EODC) has awarded PPL Shipyard a $425 million contract for the construction of two jackup rigs.

Offshore staff

SINGAPORE -- Egyptian Offshore Drilling Co. (EODC) has awarded PPL Shipyard a $425 million contract for the construction of two jackup rigs.

The rigs will be built based on PPL Shipyard's proprietary design Pacific Class 375 mobile offshore drilling unit and proprietary components. It will be equipped to drill high pressure and high temperature wells at 30,000 ft (9,144 m) deep while operating in 375 ft (114 m) of water. It will have accommodation with full catering and amenities for 120 persons.

The first unit is scheduled to be delivered at the end of 4Q 2010 while the second unit will be delivered by end of the 1Q 2011, the company says. On deliveries, the rigs will be contracted to EODC for their offshore operations in Egypt.

09/09/2008

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