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Jurong Shipyard bags second rig order for Oban B

Jurong Shipyard bags second rig order for Oban B

Singapore: Sembcorp Marine subsidiary Jurong Shipyard has secured a second SeaDragon rig order from Oban B Limited to complete and deliver a Moss Maritime Full Dynamically Positioned (DP-3) Semi-submersible Drilling unit.

The 6-column Bare Deck hull, built in a Russian yard, arrived at Jurong Shipyard in early June 2009. Following arrival, Jurong will proceed with the construction, outfitting, furnishing, equipping, testing and completion of the bare-deck hull into an ultra-deepwater semi-submersible drilling rig. The second unit is scheduled for delivery by end June 2011. The shipyard's contract value for the second unit is $237.3m - excluding equipment supplied by the owner.

This new rig will be built for a water depth rating of 10,000 feet and maximum drilling depth of 30,000 ft. The rig's ability to operate even in harsh environment gives it the multi-region flexibility to operate worldwide as compared to its peers.

Don Lee, Jurong Shipyard's senior gm of Offshore Division said "We thank SeaDragon again for their trust and commitment in working with Jurong to realise this option after the first contract was signed in April 2009. These two state-of-the-art semi-submersible rigs will complement the range of semi-submersibles that Jurong is building and demonstrates our versatility in undertaking projects with diverse complexities. We now have two first of its class semi-submersible rigs to be delivered.

We are pleased that, despite the current challenges due to the economic downturn and the credit crunch, our order book continues to strengthen. This rig order is testimony of the confidence that our clients, partners and vendors have in the deepwater market and in particular, Jurong's proven track record and projectexecution capabilities. We are committed to deliver on our promise and to build on this foundation for many years to come."  [06/07/09]