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Oro Negro returns to PPL for $417m jack-up rig order

Oro Negro returns to PPL for $417m jack-up rig order
Mexico’s Integradora de Servicios Petroleros Oro Negro has added two more jack-up rig orders at Sembcorp Marine’s PPL Shipyard.

The $417m order from Oro Negro is for two Pacific Class 400 rigs with delivery at the end of July 2015 and third quarter 2015. Oro Negro now has a total of six jack-up rigs on order from PPL Shipyard.

“All four jack-up rigs currently under construction in the shipyard are progressing well. With these two additional orders, we look forward to taking delivery of the first unit in the fourth quarter of this year, two units in 2014 and three units in 2015,” said  Gonzalo Gil, ceo of Oro Negro. “Once fully operational, these high-specification jack-up rigs will position Oro Negro as a leading player in Mexico’s growing offshore market.”

Wong Teck Cheong, managing director of PPL Shipyard, commented: “This repeat order is a reflection of the optimism the owner has in the jack-up market.”