Newbuild KM-1 launched in Malaysia

Mermaid’s newbuild tender assist drilling rig KM-1 was launched successfully on July 27 from Kencana’s construction yard in Lumut port, Perak, Malaysia.

Offshore staff

BANGKOK -- Mermaid’s newbuild tender assist drilling rig KM-1 was launched successfully on July 27 from Kencana’s construction yard in Lumut port, Perak, Malaysia.

The vessel is scheduled for delivery to Mermaid by year-end. The KM-1 will be Mermaid’s third tender rig after the MTR-1 and MTR-2.

Subsequent to its delivery, the rig will begin a five-year offshore drilling program in Malaysia with Petronas Carigali in a contract potentially valued at $163 million.

07/28/2009

More in Rigs/Vessels