Sembcorp Marine’s subsidiary PPL Shipyard has received two turnkey contracts, which are valued at $434m, to build two jack-up rigs for Integradora de Servicios Petroleros Oro Negro.
The deep drilling offshore jack-up rigs are to be built based on the company’s PPL Pacific Class 400 design and are scheduled to be delivered during the last quarter of 2013 and first quarter of 2014.
Fitted with advanced drilling equipment to increase drilling efficiency, offline handling features and simultaneous operations support, the rigs can operate in deeper waters of up to 400 feet.
The rigs are capable of drilling in high pressure conditions and high temperature wells to depths of up to 30,000 feet and include more space, full catering services and amenities for 150 crew members.
Oro Negro Co-CEO Gonzalo Gil lauded PPL Shipyard’s long standing reputation in designing and constructing offshore rigs, especially jack-up rigs.
"Once these jack-up rigs become operational, Oro Negro will become a leading player in premium jack-ups in the Mexican market," Gil added.
PPL Shipyard managing director Douglas Tan said: "The jack-up rig order is a reflection of the optimism that the owner has in the jack-up rig market and in particular our design and our ability to deliver on schedule and within budget."
PPL is an integrated rig design and rig building yard that has developed 51 jack-ups, six semi-submersibles and four swamp barges since its inception.
Image: PPL Shipyard will construct two jack-up rigs for Integradora de Servicios Petroleros Oro Negro. Photo courtesy of PPL Shipyard.