Noble Discoverer headed to Singapore

Kathrine Schmidt

 05 June 2014 23:14 GMT 

The drillship Noble Discoverer, contracted for Shell's delayed exploration programme off Alaska, is making its way to Singapore for additional preparations after already undergoing a lengthy upgrade programme in South Korea.

Sembcorp Marine nabs $1.08bn in drillship contracts

Bianca Bartucciotto                   

 

 27 February 2014 00:24 GMT

Swiss-based Transocean has awarded two $540 million contracts for a pair of drillships to Sembcorp Marine’s subsidiary Jurong Shipyard in Singapore.

Sembcorp Marine's subsidiary inks US$214.3 million contract to supply jack-up rigs

By Rachel Scully

                             

A subsidiary of Sembcorp Marine - PPL Shipyard - inked a US214.3 million (S$271.3 million) contract with a unit of Marco Polo Marine (MPM) to supply a turnkey jack-up rig.

The contract includes an option for two similar jack-up rig units to be exercised by MPM, the company said on Wednesday.

The rig is scheduled for delivery in the fourth quarter of 2015, and is able to operate in deeper waters of 400 ft and drilling high pressure and high temperature wells to depths of 30,000 ft.

Mr Seah Lee Yun Feng, the group chief executive of MPM, said the agreement with PPL Shipyard "marks the start of a significant leap forward in terms of our operations and service offerings".

Singapore's Sembcorp Marine Q4 net profit rises 9.2%

[SINGAPORE]Singapore's Sembcorp Marine Ltd, one of the largest offshore drilling rig producers in the world, said its net profit in the fourth quarter rose 9.2 per cent as higher operating profit offset lower contributions from associates and joint ventures.

Sembcorp Marine, which is the world's second-largest jackup rig producer after crosstown rival Keppel Corporation Ltd, posted a fourth-quarter net profit of S$182.4 million (US$143.89 million). Its full-year net profit rose 3.2 per cent to S$555.7 million, above a mean forecast of 23 analysts of S$528.50 million.

The company's order book fell to S$12.3 billion from the all-time high of S$13.5 billion a quarter earlier.

Sembcorp Marine is the second-worst performer so far this year on Singapore's benchmark Straits Times Index, losing about 8 per cent after Genting Singapore PLC's 9 per cent drop.

Sembcorp Marine's PPL yard wins repeat order worth US$211.5m

By Angela Tan angelat@sph.com.sg

                         

        

Sembcorp Marine said on Tuesday that its subsidiary PPL Shipyard has secured repeat order worth US$211.5 million to build a jack up rig for Perisai (L) Inc, a unit of Perisai Petroleum Teknologi Bhd - PHOTO: Sembcorp Marine

Sembcorp Marine said on Tuesday that its subsidiary PPL Shipyard has secured repeat order worth US$211.5 million to build a jack up rig for Perisai (L) Inc, a unit of Perisai Petroleum Teknologi Bhd.

The Pacific Class 400 jack up rig, scheduled for delivery in the third quarter of 2016, will be capable of operating in deeper waters of 400 feet and high temperature wells to depths of 30,000 feet.

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.

SembMarine slumps to 2-month low on weak margins

[SINGAPORE] Marine and offshore engineering company Sembcorp Marine Ltd dipped to a two-month low on concerns over weak operating margins, while the Singapore benchmark index was flat.

Sembcorp Marine shares fell as much as 3.3 per cent to S$4.35, after reporting disappointing operating margin for the third quarter despite a 12 per cent increase in net profit.

Operating profit margins for the quarter dropped 4 percentage points to 10.1 per cent from a year earlier, while S$0.4 billion in orders were added to its total order wins of S$3.9 billion for the year to date.

"We are concerned that SMM's margins will be under further pressure in the coming quarters and years," said analysts at Religare Capital Markets Ltd in a note.

SembMarine wins US$346m Helix deal

By

Wong Wei Kong

         

Featuring the latest technology, the rig is an efficient purpose-designed platform with capabilities to perform a wide variety of tasks, said Sembcorp Marine - PHOTO: BLOOMBERG

SEMBCORP Marine's subsidiary Jurong Shipyard has secured a US$346 million contract to build a second semi-submersible well intervention rig for Helix Energy Solutions Group Inc (Helix).

Scheduled for delivery in mid-2016, the semi-submersible light well intervention rig will be built based on a design jointly developed by Sembcorp Marine Technology Pte Ltd (SMTP), a fully-owned research & development subsidiary of Sembcorp Marine, and Helix.

Featuring the latest technology, the rig is an efficient purpose-designed platform with capabilities to perform a wide variety of tasks, said Sembcorp Marine.

Two More Jack-up Rig Orders for Sembcorp Marine's PPL Shipyard from Oro Negro

Singapore, July 1, 2013 : Sembcorp Marine’s PPL Shipyard has secured additional orders for two turnkey contracts worth a combined value of US$417 million from repeat customer Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. (“Oro Negro”) for the construction of two units of jack-up rigs.

Scheduled for delivery at end July 2015 and end of third quarter 2015, these latest pair of high-specification and high-performance deep drilling offshore jack-up rigs will be built based on PPL Shipyard’s proprietary Pacific Class 400 design. Including the earlier contracts of two identical jack-up rigs placed in November 2012 and another two similar rig units in March 2013 respectively, the total number of Pacific Class 400 jack-up rigs ordered by Oro Negro now stands at six units.

Incorporating the latest drilling equipment for improved drilling efficiency, offline handling features and simultaneous operations support, these new rigs will be capable of operating in deeper waters of 400 feet and drilling high pressure and high temperature wells to depths of 30,000 feet. These rigs will be equipped with increased accommodation with full catering facilities and amenities for a complement of 150 people on board in one-man and two-men cabins.

Mr Gonzalo Gil, CEO of Oro Negro, said “We are very pleased to repeat our orders for an additional two jack-up rigs of similar design with our partner yard, PPL Shipyard. All four jack-up rigs currently under construction in the shipyard are progressing well. With these two additional orders, we look forward to taking delivery of the first unit in the fourth quarter of this year, 2 units in 2014 and 3 units in 2015. Once fully operational, these high-specification jack-up rigs will position Oro Negro as a leading player in Mexico’s growing offshore market.”

Mr Wong Teck Cheong, Managing Director of PPL Shipyard said “We are indeed heartened that Oro Negro has chosen our yard for an additional order of two more jack-up rigs of similar design within a short span of three months. This repeat order is a reflection of the optimism the owner has in the jack-up market. It also signifies the trust and confidence that the owner, Oro Negro, has in PPL Shipyard’s design capabilities, its efficient project execution and track record for quality and timely deliveries.”

The contracts are 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.

Sembcorp Marine unit gets US$220.5m contract

By

Carine Lee

         

 

Sembcorp Marine has, through its subsidiary PPL Shipyard, secured a US$220.5 million contract from BOT Lease Co Ltd, a leasing company of The Bank of Tokyo-Mitsubishi UFJ - PHOTO: BLOOMBERG

Sembcorp Marine has, through its subsidiary PPL Shipyard, secured a US$220.5 million contract from BOT Lease Co Ltd, a leasing company of The Bank of Tokyo-Mitsubishi UFJ.

The contract, announced on Thursday, is for a jack-up drilling rig scheduled for delivery at the end of January 2015.

The contract is not expected to have any material impact on Sembcorp Marine's net tangible assets per share for the current financial year ending Dec 31.

SembMarine wins jack-up order

 

Newbuild order: Statoil’s Category J jack-up design will work for three to four years at the Mariner oilfield
     

STATOIL

           

Danica Newnham

 28 May 2013 00:36 GMT

Singapore-listed Sembcorp Marine has won a near $600 million contract with Noble Corp to build a jack-up rig for work in the UK North Sea.

SembMarine’s Jurong Shipyard secured the $596 deal for a newbuild ultra-high specification jack-up rig with an option for an additional unit.

This followed Norwegian operator Statoil’s announcement last week that it had handed a $655 million contract to Noble for a multi-year drilling campaign at the Mariner oilfield off the UK.

In April, Upstream had identified Jurong Shipyard as one of the contenders for the newbuild construction job, as well as Daewoo Shipbuilding & Marine Engineering in South Korea.

The rig will be built to Statoil’s Category J specifications and based on the Gusto MSC CJ70 design. It will be capable of operating in harsh environments, in water depths of up to 150 metres and can drill down to 10,000 metres.

The rig is scheduled for delivery in the first quarter of 2016.

Jurong Shipyard is also currently constructing six F&G JU3000N class jack-ups for Noble at a combined value of $1.3 billion.

SembMarine gets US$417m order for two rigs

SINGAPORE - Singapore's Sembcorp Marine , the world's second largest builder of offshore oil rigs, said on Monday its subsidiary PPL Shipyard has secured orders for two jack-up rigs worth US$417 million.

The orders are from Mexico's Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V (Oro Negro), which has ordered two similar rigs previously.

The new rigs are scheduled for delivery at the end of the fourth quarter of 2014 and end of the first quarter 2015, Sembcorp Marine said in a stock market filing. - REUTERS

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

By

Joyce Hooi

        

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.

Sembmarine unit to build $900m topside for North sea

SEMBCORP Marine subsidiary SMOE will build a $900-million offshore platform integrated topside, which will be bound for the Norwegian continental shelf in the North Sea.

The floating productions unit of Sembmarine signed a letter of intent with Det Norske Oljeselskap, a Norwegian exploration and production company, to undertake the engineering, procurement and construction (EPC) work of the topside.

The topsides will head to the Ivar Aasen project, 180 kilometres west from Stavanger, Norway. The project contains about 150 million barrels of oil equivalents.

SMOE will start construction in December 2013, with sail-away scheduled in March 2016.

Sembcorp Marine clinches US$135m Diamond Offshore project

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.

SMOE’S INDONESIAN SUBSIDIARY SECURES CONTRACT WORTH ABOUT US$63 MILLION FOR ENGINEERING AND CONSTRUCTION OF TWO WELLHEAD PLATFORMS

SMOE Pte Ltd, a wholly-owned subsidiary of Sembcorp Marine, wishes to announce that its Indonesian subsidiary, PT SMOE Indonesia, in consortium with PT Rajawali Swiber Cakrawala, has secured a
contract worth about US$175 million from Premier Oil Natuna Sea B.V. for the engineering and construction of 2 Wellhead Platforms, 2 infield sub-sea pipelines and modification works on an existing facility for the Naga and Pelikan Project, offshore Indonesia.

The platform topside and jacket each weighs approximately 480 and 900 metric tonnes respectively. The sub-sea pipelines of 14 inch diameter by 19 km and 12 inch diameter by 32 km are tied to the existing Central Processing Platform.

PT SMOE Indonesia’s scope of work, worth about US$63 million, entails engineering design, procurement, construction, offshore hook-up and commissioning of the 2 platforms and modification work on the existing Central Processing Platform, while PT Rajawali Swiber Cakrawala is responsible for the engineering and laying of the 2 sub-sea pipelines as well as the transportation and installation of the 2 platforms in water depth of 82 metres.

Construction work on the platforms is expected to commence in July 2012 with
offshore completion by September 2013.

Mr Norman Chew, President Director of PT SMOE Indonesia said “Both PT SMOE and PT Rajawali Swiber Cakrawala recognise each other’s strength and we are glad to have joined forces to secure this contract. This is the secondcontract award that PT SMOE Indonesia has secured from Premier Oil Natuna Sea B.V.”

SembMarine's unit secures $130m worth of contracts

By

Carine Lee

Sembcorp Marine on Thursday said its subsidiary, Sembawang Shipyard, has secured three major contracts totalling S$130 million.

The first contract, awarded by Sonangol Pesquisa e Producao SA (SNLPP) is for major repairs and upgrading of the 20 year old FSO Palanca.

Major work scope includes the renewal of the vessel's cargo piping system and pumps, tank blasting and coating, and cables renewal for the entire electrical system. The existing 30-men accommodation block will be redesigned and rebuilt to accommodate 60 men. The new accommodation block will include a new helideck to meet the vessel's operational requirements.

The vessel is expected to enter Sembawang Shipyard in August 2012 and, upon completion, will return to Palanca Terminal in offshore Angola.

Sembcorp Marine’s Ppl Shipyard Secures A Us$208 Million Contract To Construct A Pacific Class 400 Jack-Up Drilling Rig From Perisai (L) Inc.

Sembcorp Marine’s subsidiary PPL Shipyard has secured a US$208 million contract to construct a Pacific Class 400 jack-up drilling rig for Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd, with an option to construct an additional unit of a similar specification jackup rig for delivery in the second quarter of 2015. The price for the option rig is US$210 million with adjustment to certain cost escalation.

The Pacific Class 400 jack-up drilling rig is PPL Shipyard’s proprietary design. This design is well established and is an enhanced version of PPL Shipyard’s acclaimed and successful Pacific Class 375 design series, of which 27 units are now operating worldwide. The Pacific Class 400 rig 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 30,000 feet. The rig’s maximum drill centre is cantilevered at 75 feet aft and it has a derrick hook load capacity of 1,500,000 lbs. The rig is equipped with full hotel services for a complement of 150 men on board in 1-man cabins and 2-men cabins. This unit is scheduled for delivery end July 2014.

Dr. Benety Chang, Deputy Chairman of PPL Shipyard said “We are very pleased that Perisai has chosen the Pacific Class 400 design as its maiden jack-up drilling rig design. We have complemented several companies in growing their rig fleet and in expanding their business into the offshore oil and gas sector. We hope to contribute to our partners’ long-term success and sustainable growth in the industry.”

“We would like to thank Perisai for their confidence in entrusting their first unit to PPL. The proprietary ownership of this design gives us the flexibility to customise turnkey solutions to suit our client’s and the field operator’s requirement as the needs arise.”

“This unit represents the 8th unit of the Pacific Class 400 series since the launch in 2010.”
En. Izzet Ishak, the Managing Director of Perisai Petroleum Teknologi Bhd said “The construction of the jack-up drilling rig represents a significant moment for the Perisai Group. We are excited by this new class of asset as it represents our entry into the offshore drilling segment specifically in Malaysia and broadly in the Asia Pacific region. This construction will provide our customers with access to a technologically advanced latest generation drilling rig. 

The rig’s high specification matches industry best standards with regard to, amongst others, water and drilling depths and load handling capacity of drill pipes. This, together with the extensive and illustrious history of PPL Shipyard, provides Perisai with added confidence as it enters into this new and exciting segment of operations.”

The contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2012.

SEMBCORP MARINE'S PPL SHIPYARD SECURES US$218.5 MILLION CONTRACT TO CONSTRUCT A JACK-UP RIG FOR GULF DRILLING INTERNATIONAL LTD (Q.S.C.)

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.

SEMBCORP MARINE’S JURONG SHIPYARD SECURES A US$568 MILLION CONTRACT

Singapore, April 3, 2012: Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$568 million contract to build a harsh-environment ultra-deepwater semi-submersible rig from North Atlantic Drilling Limited, a 74 percent owned subsidiary of Seadrill Limited (“Seadrill”).

The new rig will be constructed based on the Moss Maritime CS60 design – an enhancement of the Moss Maritime CS50E MKII harsh-environment ultra-deepwater semi-submersible rigs West Pegasus and West Leo which were delivered by Jurong Shipyard to Seadrill in March 2011 and January 2012 respectively. Delivery is scheduled no later than the first quarter of 2015.

This new ultra-deepwater harsh-environment semi-submersible rig will be built for a water depth rating of 10,000 feet with a maximum drilling depth of 40,000 feet. It will be an N-Class compliant 6th generation rig capable of maintaining position dynamically in deepwater and with thruster assisted mooring in shallow water in the North Sea and the Barents Sea. The rig is also engineered and winterized to carry out year-round drilling operations in such areas.

Sembcorp's Jurong Shipyard secures US$385.5m contract

By CARINE LEE


Sembcorp Marine on Tuesday said its subsidiary, Jurong Shipyard, has secured a US$385.5 million contract from Helix Energy Solutions Group Inc.

Under the contract, Jurong Shipyard will build a semi-submersible well intervention rig based on Bassoe Technology's naval architectural design with Helix's equipment layout.

The rig is scheduled for delivery in January 2015 and is not expected to have any effect on the group's financials for the year ending Dec 31, 2012.