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PPL inks $1bn in jack-up rig orders

Article-PPL inks $1bn in jack-up rig orders

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]

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