LeTourneau Technologies to assist with PetroVietnam newbuild jackup

PetroVietnam Shipyard has awarded LeTourneau Technologies (LTI) a $40 million contract to provide the rig kit, license, and technical consultancy assistance for the construction of a newbuild Super 116E jackup rig.

Offshore staff

HOUSTON -- PetroVietnam Shipyard has awarded LeTourneau Technologies (LTI) a $40 million contract to provide the rig kit, license, and technical consultancy assistance for the construction of a newbuild Super 116E jackup rig.

PetroVietnam Shipyard will construct the Super 116E jackup for Vietnam Oil & Gas Group in Vung Tau City, S. R. Vietnam.

LTI will provide key rig kit equipment, including the leg components, elevating system, controls, spud can materials, cantilever skidding system, and hold-down structures. LTI will deliver the rig kit equipment in stages beginning in the fourth quarter with the final shipment in 3Q 2010.

The Super 116E Class is one of five current LTI jackup rig designs. The Super 116E provides for up to 2,000 kips greater payload than its predecessor and is designed to drill in up to 350 ft (107 m) of water in moderate environmental locations. The rig can be outfitted to handle high temperature/high pressure wells.

06/01/2009

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