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AUGUST 2008 ISSUE

OFFSHORE DRILLING
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September 8, 2008

Sembcorp Marine gets two rig jack-up order from Egypt

Singapore's PPL Shipyard, a subsidiary of Sembcorp Marine, has secured a contract from Egyptian Offshore Drilling Company, S.A.E. (EODC) for the construction of two jack-up rigs for a total around US$425 million.

The first unit is scheduled to be delivered at the end of the fourth quarter of 2010 while the second will be delivered by end of the first quarter of 2011. On deliveries, these rigs will be contracted for offshore operations in Egypt.

The two high performance jack-up rigs will be built based on PPL Shipyard's Pacific Class 375 proprietary design and proprietary components. Each will be equipped to drill high pressure and high temperature wells at 30,000 feet whilst operating in 375 feet of water and will have accommodations with full catering and amenities for 120 persons.


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