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Jurong Shipyard bags $236m jack-up rig order

Jurong Shipyard bags $236m jack-up rig order
Sembcorp Marine’s Jurong Shipyard has bagged a $236m contract to build a jack-up rig for new customer Hercules North Sea.

The high-specification, tailor-made rig is slated for delivery in the second quarter of 2016. Upon delivery, the rig will be chartered out to Maersk Oil and Gas for deployment in the North Sea.

William Gu, general manager of offshore division at Jurong Shipyard, commented that the contract win affirms the yard’s position as a “customer-oriented yard in providing tailor-made rig designs and solutions” for customers.

The jack-up rig, based on the Friede & Goldman JU 2000E design, will be capable of operating in waters of 400 feet and drill to depths of 30,000 feet.

The latest contract brings Sembcorp Marine’s total new orders secured in 2014 to-date to SGD1.93bn ($1.54bn). Including this new contract, the Singapore company’s net orderbook stands at SGD13.2bn, with deliveries stretching into 2019.