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PPL Shipyard bags $434m rig order

PPL Shipyard bags $434m rig order
Singapore: PPL Shipyard has bagged orders for two jack-up rigs worth a total of $434m from a Mexican company.

Integradora de Servicios Petroleros Oro Negro placed an order for two PPL Pacific Class 400 jack-up rigs with the unit of Sembcorp Marine. The rigs are scheduled to be delivered at the end of the fourth quarter of 2013 and the end of the first quarter of 2014.

“Our company was founded on the basis of capitalising on the promising future of the offshore market in Mexico. Once these jack-up rigs become operational, Oro Negro will become a leading player in premium jack-ups in the Mexican market,” said Gonzalo Gil, co-ceo of Oro Negro.