Singapore, April 5, 2012 : Sembcorp Marine’s subsidiary, PPL Shipyard has secured a US$218.5 million contract to build a jack-up rig from Gulf Drilling International Ltd (Q.S.C.) (GDI), one of the largest Middle East drilling companies.
Scheduled for delivery in the first quarter of 2013, the new rig will be built based on PPL Shipyard’s Pacific Class 400 series, an established proprietary design which represents the latest generation of high-specification jack-up rigs that are capable of operating in water depths of 400 feet and drilling to depths of 35,000 feet. Equipped with technologically advanced drilling capabilities, the rig is specially customised for the intended project and has accommodation for 150 personnel with full hotel services. On delivery, this jack-up rig will be the most technologically advanced drilling rig operating in Qatar.
Investment Idea: City Developments Limited - We would just like to thank everyone who participated in last night’s InvestingNook LIVE Webinar. Many who were unable to attend requested for a replay of ...
3 hours ago