Jurong Shipyard wins semi contract

SeaDrill Ltd. has awarded Jurong Shipyard a $535.5-million turnkey contract to build a 6th generation ultra deepwater semisubmersible drilling rig.

Offshore staff

SINGAPORE -- SeaDrill Ltd. has awarded Jurong Shipyard a $535.5-million turnkey contract to build a 6th generation ultra deepwater semisubmersible drilling rig.

Scheduled for delivery by April 2010, the semi will be built based on the Friede & Goldman ExD design.

This is the third semisubmersible rig to be built by Jurong Shipyard for SeaDrill. TheWest Sirius and West Taurus, which are of similar design, are under construction in the yard.

Jurong's contracts secured for this year stand at $1.9 billion.

5/2/2007

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