Sembcorp Marine's wholly-owned Jurong Shipyard has secured a
US$135 million project contract from deepwater drilling company, Diamond
Offshore, it announced on Wednesday.
The Ocean Apex project, as it is known, will require Sembcorp to turn out-of-work rig Ocean Bounty built in 1976 into a deepwater driller, said Houston-based Diamond Offshore said on Tuesday.
This is cheaper than building a brand new unit, Diamond added.
According to Sembcorp, the moored semisubmersible will be built at Jurong Shipyard in Singapore, and is due for delivery in the second quarter of 2014. It will be able to drill in up to 6,000 feet of water.
The Ocean Apex project, as it is known, will require Sembcorp to turn out-of-work rig Ocean Bounty built in 1976 into a deepwater driller, said Houston-based Diamond Offshore said on Tuesday.
This is cheaper than building a brand new unit, Diamond added.
According to Sembcorp, the moored semisubmersible will be built at Jurong Shipyard in Singapore, and is due for delivery in the second quarter of 2014. It will be able to drill in up to 6,000 feet of water.
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