Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

PPL inks $1bn in jack-up rig orders

Singapore: Atwood Oceanics Pacific has opted for PPL Shipyard for jack-up rig orders worth close to $1bn. The unit of Sembcorp Marine is to build a pair of jack-up rigs $364m for Atwood Oceanics. The rigs are due to be delivered on September 30 and December 31 of 2012. "We look forward to expanding our high-specification jack-up fleet with these Pacific Class 400 drilling rigs," said Rob Saltiel, ceo of Atwood Oceanics. The rig owner has options for a further three rigs at PPL for about $200m each, taking the total value of the contracts to nearly $1bn if the options are declared. [06/10/10]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish