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Thursday, 28 February 2013

Sembcorp Marine unit clinches US$208m jack-up rig contract

By
Joyce Hooi
        

Sembcorp98

SEMBCORP Marine's subsidiary PPL Shipyard has received a US$208 million (S$258 million) contract to build a second Pacific Class 400 jack-up rig from Perisai (L) Inc, the group said on Thursday.

Perisai (L) Inc is a wholly subsidiary of Perisai Petroleum Teknologi Bhd.
The rig is scheduled for delivery in the second quarter of 2015. It will have specifications that are similar to the first jack-up unit, now named Perisai Pacific 101.

The contract is not expected to have any material impact on the consolidated net tangible assets and earnings per share of Sembcorp Marine for the year ending December 31, 2013.
Posted by Createwealth8888 at 19:04
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2 comments:

  1. B28 February 2013 at 21:11:00 GMT+8

    I really hope that this project has a positive profit margins on their bottomline rather than taking projects for the sake of increasing its revenue.

    ReplyDelete
    Replies
    1. CreateWealth888828 February 2013 at 21:29:00 GMT+8

      This one is US$5M lower than the same rig ordered by Safin Gulf.

      May be friendly neighbor got discount.

      Delete

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