Perisai expects revenue contribution from its offshore drilling business to grow significantly in the next three years and md Izzet Ishak wants the company’s offshore drilling segment to account for up to 60% of revenue by 2016, local reports said.
He revealed that the recently launched rig will begin operations in offshore Terengganu for Petronas Carigali next month and the company hoped to return to the black by the second half of this year. The three-year contract secured in May is worth $158m.
Perisai has another two jack-up drilling rigs being constructed in its rig expansion programme which has cost MYR2bn ($628m), The Perisai Pacific 102 and Perisai Pacific 103 are expected to be delivered in mid-2015 and mid-2016, respectively.
Izzet said Perisai expects to seal a deal for its second jack-up drilling rig by the first quarter of 2015.With only two of the 15 jack-ups operating in Malaysian waters locally owned, Izzet see potential in the domestic market as well as for Southeast Asia. More than 10 of the foreign jack-up drilling rig contracts are due to expire in the next one to two years.
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