The new Pacific Class 400 rig, due for delivery in January 2015, will be capable of operating in water of up to 400ft and drilling high pressure and high temperature wells to depths of 30,000 feet. The rig will also be equipped with increased accommodation with full catering and amenities for 150 people.
Japan Drilling Company will be the co-ordinator in the project and will provide the project management team during the rig construction phase.
“We are pleased that BOT Lease, in collaboration with Japan Drilling, has chosen our latest proprietary Pacific Class 400 series,” said Douglas Tan, managing director of PPL Shipyard. “Since the launch of [the] 400 series, twelve such jack-ups have been ordered with six units delivered and operating in West Africa, Gulf of Thailand, Qatar and Middle East. The jack-up rig order is a reflection of the optimism that the owner has in the jack-up rig market.”
While SembMarine expects the contract to be a positive contribution to its earnings, it is not expected to have any material impact on the consolidated net tangible assets per share of SembMarine for the year ending December 31, 2013.
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