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IMO is looking at a global levy (tax) on marine fuels. Do you think this is

a really good idea
an unfortunate necessity
a bad idea
a really bad idea

Marine Log

July 20, 2008

Sembcorp Marine unit gets repeat jack-up order from Egypt

Singapore's PPL Shipyard, a subsidiary of Sembcorp Marine, has secured a contract from repeat customer, Egyptian Drilling Company (EDC) to build a jack-up rig at a contract value of US$220 million.

Scheduled for delivery in mid-2010, this is the second consecutive newbuild jack-up rig that EDC has placed with PPL Shipyard. It will be built based on the same PPL Shipyard proprietary Baker Marine Pacific Class 375 (BMC Pacific 375) deep drilling design and proprietary components.

The rig will be equipped to drill high pressure and high temperature wells at 30,000 feet whilst operating in 375 feet of water. It will have accommodations with full catering and amenities for 120 persons.

EDC's first rig, currently under construction in PPL Shipyard is scheduled for delivery in December 2009.

Since its launch in 2004, the BMC Pacific 375 Deep Drilling Jack-up design has attracted a total of 24 orders. Thus far 11 units have been successfully delivered to the owners with the other units in various planning, engineering and construction phases with deliveries from 2008 to 2010.

Egyptian Drilling Company was formed in 1976 as a joint venture between the Egypt's national petroleum corporation the Egyptian General Petroleum Corporation (EGPC) and the A.P. Moller Maersk Group. EDC has operations in Egypt and Saudi Arabia.

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