Sembcorp Marine‘s PPL Shipyard has secured a rig building contract worth $208m from a unit of Malaysia’s Perisai Petroleum Teknologi, Perisai, to construct a Pacific Class 400 jack-up drilling rig.

The contract includes an option to build an additional $210m unit of a similar specification jack-up rig.

Perisai Petroleum Teknologi managing director En Izzet Ishak said the construction of the jack-up drilling rig represented a significant event for Perisai.

"Pacific Class 400 jack-up drilling rig is PPL Shipyard’s proprietary design, and is an enhanced version of the 375 series."

"We are excited by this new class of asset as it represents our entry into the offshore drilling segment specifically in Malaysia and broadly in the Asia Pacific region," said Ishak.

"The rig’s high specification matches industry best standards with regard to, amongst others, water and drilling depths and load handling capacity of drill pipes."

Benety Chang, PPL Shipyard Deputy Chairman, said: "The proprietary ownership of this design gives us the flexibility to customise turnkey solutions to suit our client’s and the field operator’s requirement as the needs arise."

Pacific Class 400 jack-up drilling rig is PPL Shipyard’s proprietary design, and is an enhanced version of the Pacific Class 375 design series, 27 of which are now operating worldwide.

The Pacific Class 400 rig is capable of operating in water depths of 400ft and drilling to depths of 30,000ft, with its maximum drill centre is cantilevered at 75ft aft with a derrick hook load capacity of 1.5 million lbs.

The first rig is scheduled for delivery on July 2014, while the second rig will be delivered in the second quarter of 2015, if the option is exercised.