Singapore: PPL Shipyard has secured a contract from Sinopec International, Hong Kong to build a PPL Shipyard Pacific Class 375 Offshore jack-up rig at a value of US$229 million.
This is the first newbuild jack-up rig to be constructed outside of China. Scheduled for delivery in the first quarter of 2011, the rig will be owned and operated by the Shanghai Offshore Petroleum Bureau, a subsidiary of China Petroleum & Chemical Corporation (Sinopec). The high performance jack-up rig will be built based on PPL Shipyard’s proprietary design Pacific Class 375 and proprietary components and will be equipped to drill high pressure and high temperature wells at 9,145 metres whilst operating in 115 metres of water. It will have accommodation with full catering and amenities for 120 persons. “The Pacific Class 375 high performances and deep drilling jack-up rig continues to be a popular design,” said Mr. Tan Kim Yung, Senior General Manager in PPL Shipyard. “To-date, a total of 27 jackup rigs has been ordered based on this design with 13 units delivered and 14 units currently under various stages of construction with deliveries till 2011.”
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