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ABG Shipyard secures $480m rig order

ABG Shipyard secures $480m rig order

Mumbai: Leading Indian shipbuilder ABG Shipyard has been awarded a contract by Mauritius-based Essar Oilfields Services for the construction of two self-elevating jackup rigs at a total cost of Rs 23.7bn crore ($480m).

The rigs would boast an operating capacity in depths of up to 350 feet and a 30,000 foot drilling depth capacity, the yard (pictured) stated in a filing to the Bombay Stock Exchange.

The rig design features increased storm criteria, extended reach cantilever, lightweight, an efficient drilling package, and F&G's Advanced Rack Chock System. It also includes a single point discharge system and high preload system.  [06/11/08]