Singapore: Sembcorp’s PPL Shipyard Wins USD 213 Million Jack-up Rig Deal

Singapore - Sembcorp's PPL Shipyard Wins USD 213 Million Jack-up Rig Deal

Sembcorp Marine’s subsidiary PPL Shipyard has secured a US$213 million contract to build a Pacific Class 400 jack-up drilling rig.

The Pacific Class 400 jack-up drilling rig, a proprietary design of PPL Shipyard, represents the latest generation of high-specification jack-up drilling 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 equipment, the rig is suitable for operations in most of the world’s challenging regions. The rig’s facilities include single room and double-room accommodation for 150 personnel with full hostelry services.

Dr Benety Chang, Deputy Chairman of PPL Shipyard said “We are pleased to participate in the development of Safin Gulf and its evolution into a leading rig-operating company. With the rig due for delivery in November 2012, Safin Gulf is expected to be successful in securing a charter contract for the rig.”

“We are pleased that Safin Gulf has chosen PPL Shipyard’s Pacific Class 400 design for their new rig fleet as part of their strategic expansion into the offshore business. The confidence in this design and its capabilities could lead to more of such orders for our proprietary design just as it did with our Pacific Class 375 design.”

Mr Raimonds Namikis, Executive Vice President of Safin Gulf said “Safin Gulf is undergoing dynamic development with strategic focus in exploring and investing in new markets and opportunities. We see the development of the offshore business as one of such business opportunities. Having strong ambitions within our group and rapid expansion policy in our road-map, we are confident that Safin Gulf would be able to expand its offshore fleet and presence in the Middle East.”

Barring unforeseen circumstances, Sembcorp Marine expects a positive contribution to its earnings from the contract. However, the contract is not expected to have any material impact on the consolidated net tangible assets per share of Sembcorp Marine for the year ending December 31, 2012.

World Maritime News Staff, February 17, 2012; Image: PPL Shipyard

 

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Key industry players will gather at this event to discuss and debate issues, network to make new business contacts and re-establish relationships with existing clients.

Why should you attend?

  • Generate fresh leads and meet new contacts in a time and cost-efficient way.
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  • Account manage and liaise with your current clients attending – or bring them along yourself as an account management tool.
  • Months of intensive marketing and advertising to relevant markets ensuring a high level of attendance.
  • Numerous on the day and follow up advertising opportunities available to enhance your positioning.
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Day two of the conference is dedicated to ScottishPower Renewables Supply Chain Event for the East Anglia ONE Wind Farm Project.

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Information will be provided on the current status of the project by ScottishPower Renewables Managing Director, Jonathan Cole, and East Anglia One Project Director, Charlie Jordan. There’ll also be information on the scope of works to be carried out, explanations of how to get involved and the opportunity to meet representatives from Seaway Heavy Lifting, Navantia, Lamprell, Harland & Wolff, Roadbridge, Van Oord, Prysmian, VBMS, Nexans, DeepOcean, Peel Ports Great Yarmouth, Siemens and ABPorts.

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Full-access pass holders will be able to take full advantage of the presentations whilst there are also free exhibition-only passes which will give holders the opportunity to network with representatives from these suppliers at their stands. Delegates MUST register prior to the event to be allowed admission. Upgrades of exhibition-only passes may be permissible on payment of the appropriate fee.

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