PPL Shipyard acquires jackup West Elara

PPL Shipyard (PPL) has exercised its right to acquire the jackup West Elara from Seadrill.

Offshore staff

SINGAPORE -- PPL Shipyard (PPL) has exercised its right to acquire the jackup West Elara from Seadrill. The vessel is currently under construction at the shipyard, and is scheduled for completion in September 2010.

The vessel is the second of two contracted by Seadrill. Construction of the first jackup unit, West Leda, is progressing on schedule with progressive payment received on time, the company says.

11/12/2009

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