Marine Log

January 16, 2007

PPL books a repeat jack-up order

PPL Shipyard, a subsidiary of SembCorp Marine, has secured a repeat rig building contract from Offshore Group Corp. worth US$190 million for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack-up Rig.

This is the second rig that the owner, Offshore Group Corp. has placed with PPL . Construction will commence immediately with delivery scheduled end 2008.

The rig will be equipped with a drilling package that will enable it to drill high pressure and high temperature wells at 30,000 feet whilst operating in 375 feet of water. It has accommodations for 120 men.

PPL Shipyard has built a total of 27 jack-up rigs, 6 semi-submersibles and 4 swamp barges. The flagship jack-up rig design, the BMC 375 Pacific Class has secured orders for a total of 17 units so far since its launch in 2004. Two have been delivered and are now drilling in India and Saudi Arabia.