Singapore: Sembcorp’s Jurong Shipyard Wins USD 568 Mln Contract

Singapore - Sembcorp's Jurong Shipyard Wins USD 568 Million Contract

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.

Mr Don Lee, Jurong Shipyard’s Senior General Manager of Offshore Division, said: “We are very pleased to partner with North Atlantic Drilling in their drive to be the leading harsh-environment drilling company with high-quality premium drilling rigs. This Moss Maritime harsh-environment ultra-deepwater CS60 rig is an enhancement of the two Moss Maritime CS50E rigs that Jurong Shipyard recently delivered to Seadrill. In addition, we have successfully delivered to Seadrill four units of turnkey ExD Friede & Goldman Millennium Class ultra-deepwater semi-submersible rigs and a Gusto MSC CJ70 harsh-environment jack-up rig.”

“With offshore drilling moving towards deeper waters and harsher environments, we are confident of leveraging on these emerging opportunities with our proven track record in the building of high-specification ultra-deepwater rigs. We are fully committed to the timely delivery of this Moss Maritime CS60 harsh-environment semi-submersible entrusted to us while meeting stringent quality, safety, health and environmental standards. We will continue to build on this strong partnership to achieve win-win synergy going forward.”

Mr Alf C. Thorkildsen, Chief Executive Officer in North Atlantic Management AS and Chairman of the Board of North Atlantic Drilling Ltd, said: “We are pleased to have entered into this arrangement with our proven and trusted partner Jurong Shipyard to grow our fleet of harsh-environment rigs. The combination of historical high oil prices and significant exploration successes for our customers in mature as well as frontier areas has increased the demand for quality high specification rigs. This environment has created a dynamic investment opportunity for our company to grow its activities and create further value for its shareholders.”

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.

Source: Sembcorp, April 3, 2012; Image: mossww

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Seatrade Cruise Global

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SNS2017 – The Southern North Sea Conference & Exhibition

EEEGR’s flagship Southern North Sea conference is the most important event for the energy sector in the East of England. Taking place over two days at the Norfolk Showground Arena in Norwich, SNS2017 will be the largest conference and exhibition EEEGR has ever delivered attracting upwards of 700 delegates from across the industry and supply chain.

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.
  • Showcase your expertise and share your insights to impress your clients.
  • Meet senior-level delegates looking to learn and seek out new partners.
  • 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.
  • Stay one step ahead of your competitors by being seen and visibly present at the event.
  • Develop your brand and status within industry by being billed as an event sponsor.

SNS2017 – 2 March

Day two of the conference is dedicated to ScottishPower Renewables Supply Chain Event for the East Anglia ONE Wind Farm Project.

ScottishPower Renewables is in the process of finalising its major contracts for the East Anglia One project, and is delighted to announce that these contractors will be attending the ScottishPower Renewables Supply Chain Event at the Norfolk Showground Arena on 2 March 2017.

Occupying the second day of EEEGR’s SNS2017 Conference and Exhibition, the ScottishPower Renewables Supply Chain Event will allow their contractors to engage with businesses and stakeholders in the East of England and further afield as quickly as possible to outline the skills they require and the business opportunities to be created by the project.

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.

Up to seven additional suppliers will also be attending, to be confirmed shortly. Opportunities will range from civil and electrical contractors, vessel and ports support, to technicians and logistics.

ScottishPower Renewables is starting construction this year, with the first turbines to be installed by 2019 and the project fully operational during 2020.

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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