Keppel, Sembcorp secure rig orders

SINGAPORE: Singapore offshore rig builders Keppel Corporation and Sembcorp Marine have won fresh orders to build jack-up rigs.


Sembcorp Marine said its Jurong Shipyard has secured contracts worth US$400 million to build two jack-up rigs for US drilling contractor Noble Corporation, with deliveries scheduled in the fourth quarter of 2012 and the second quarter of 2013.

The contracts with Noble have options to build four additional jack-up rigs, which could potentially bring the value of all six rig orders to US$1.2 billion, Sembcorp said in a statement.

Sembcorp Marine has won orders worth a total of S$2.7 billion so far this year.

Meanwhile, Keppel Corp said its shipyard Keppel FELS has secured an order worth about US$180 million to build a jack-up rig for mainboard-listed Jasper Investments Ltd, for delivery in the second half of 2012.

It said the contract has the option for another similar rig. If exercised, the option for the additional rig will more than double the total contract value to about US$365 million.

Keppel Corp, the world's top builder of offshore oil drilling rigs, said the new contract would take the total value of orders secured in 2010 to S$3 billion.



Both the rig-builders said that the new contracts would not impact their earnings for the current financial year.