PPL Shipyard Company News

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Sembcorp Marine Acquires Remaining 15% Stake in PPL Shipyard for $115M
Wednesday, August 24, 2016 Sembcorp Marine acquires 15 percent interest in PPL Shipyard for $115 million, giving it full ownership of the Singapore yard.

Perisai Petroleum Defers Delivery of Perisai Pacific 102 to End October
Monday, June 13, 2016 Malaysia's Perisai Petroleum defers delivery of newbuild jackup Perisai Pacific 102 to end October.

PPL Shipyard Serves Termination Notice on MPD Over Jackup Construction Spat
Wednesday, December 02, 2015 Singapore's PPL Shipyard serves termination notice on Marco Polo Drilling after the latter failed to comply with the payment schedule for a jackup under construction.

Marco Polo Marine Updates on Jackup Construction Dispute with PPL Shipyard
Tuesday, December 01, 2015 Marco Polo Marine updates on the dispute between Marco Polo Drilling and PPL Shipyard over the termination of a jackup construction contract.

PPL Shipyard Challenges MPD's Termination of Jackup Construction Contract
Thursday, November 26, 2015 Sembcorp Marine's unit PPL Shipyard challenges Marco Polo Drilling's termination of a jackup construction contract.

MPD Initiates Contractual Dispute Resolution Process Against PPL Shipyard
Wednesday, November 25, 2015 Singapore's Marco Polo Drilling (MPD) initiates contractual dispute resolution process against PPL Shipyard over the termination of a rig building deal.

PPL Yet to Receive MP Drilling's Termination Notice for Jackup Construction
Wednesday, November 18, 2015 Singapore's PPL Shipyard has not receive any notice of termination from Marco Polo Drilling of the $214.3 million jackup construction contract.

Perisai, PPL to Defer Delivery of Jackup Perisai Pacific 102 to March 2016
Tuesday, October 06, 2015 Malaysia's Perisai Petroleum Teknologi reaches agreement with Singapore's PPL Shipyard to defer delivery of newbuild jackup Perisai Pacific 102 to March 2016.

Perisai Expects Drilling Business to Provide 40% of Revenue in 2014
Friday, July 18, 2014 Perisai Petroleum expects its offshore drilling business to provide 40 percent of its revenue this year as the firm's first jackup Perisai Pacific 101 gets ready to commence a contract with Petronas Carigali soon.

Petronas Carigali Charters Perisai Pacific 101 Jackup for $158M
Wednesday, May 14, 2014 Perisai Petroleum Tecknologi discloses that Petronas Carigali has contracted newbuild Perisai Pacific 101 jackup for $158 million under a three year deal.

Perisai Gets LOA for Perisai Pacific 101 Jackup from Petronas Carigali
Friday, May 09, 2014 Perisai Petroleum Teknologi receives a letter of award to provide jackup Perisai Pacific 101 to Petronas Carigali on a three year deal.

PPL Shipyard Inks $214.3M Contract to Build Jackup for Marco Polo Drilling
Thursday, February 27, 2014 Sembcorp Marine's unit PPL Shipyard signs a $214.3 million contract to build a jackup for Marco Polo Drilling.

SembCorp Marine Wins Tussle for PPL Shipyard Board
Friday, July 26, 2013 SembCorp Marine takes complete control of PPL Shipyard after a decision by the Court of Appeal in Singapore.

PPL Shipyard Bags Two Jackup Deals from Oro Negro
Monday, July 01, 2013 Sembcorp Marine announces that its subsidiary PPL Shipyard had bagged two turnkey contracts from Oro Negro to build jackups.

PPL Shipyard Top Management Changes
Monday, June 24, 2013 Sembcorp Marine makes new appointments to the top management at its subsidiary PPL Shipyard.

PPL Shipyard Clinches Repeat Jackup Order from Oro Negro
Monday, March 18, 2013 Sembcorp Marine's subsidiary PPL Shipyard secures orders for two turnkey contracts with a combined value of $417M for the construction of two jackups from Oro Negro.

GDI Orders New Jackup from PPL Shipyard
Wednesday, April 04, 2012 GDI has placed an order for a Pacific Class 400 jackup with Singapore-based PPL Shipyard for delivery in March of 2013.

Atwood to Delay PPL Jackup Option
Tuesday, June 14, 2011 Atwood Oceanics' subsidiaries has reached an agreement with the PPL Shipyard to delay the required commitment date for the next Pacific Class 400 jack-up drilling unit option.

Transocean To Acquire Jackup Under Construction
Monday, November 15, 2010 Transocean today announced that it has reached an agreement to purchase for $195 million a Pacific Class 400 design jackup under construction at PPL Shipyard Pte Ltd. Delivery of the high-specification jackup is expected in the fourth quarter of 2011

Atwood Inks Deal to Build Two High Spec Jackups
Tuesday, October 05, 2010 Atwood has awarded a contract to PPL Shipyard to build two 400' jackups at a cost of $190 million per rig with the option to build up to three additional units.

Sembcorp Marine Updates on Yangzijiang's Offer
Monday, April 26, 2010 On April 17, the Board of Yangzijiang Shipbuilding issued a binding letter of offer to Baker Tech to acquire the entire issued and paid-up share capital of PPLH.

PPL Shipyard to Sell West Elara Jackup to Vietsovpetro
Tuesday, December 08, 2009 Sembcorp Marine reported that its subsidiary PPL Shipyard has signed a contract to sell a jackup rig under construction to Vietsovpetro, the National Oil Company of Vietnam.

PPL Shipyard Exercises Right for Seadrill's West Elara Jackup
Monday, November 09, 2009 Sembcorp Marine's subsidiary, PPL Shipyard, has exercised its right to acquire the second unit of the jackup drilling rig West Elara from Seadrill. The rig is due for completion in September 2010.

PPL Shipyard Delivers Aquamarine Driller Ahead of Schedule
Tuesday, September 08, 2009 PPL Shipyard has successfully delivered the Aquamarine Driller, a ultra-premium high-spec jackup rig ordered by Vantage Drilling Company, two months ahead of schedule.

COSL Confidence Jackup Sails to PPL Shipyard, to Drill in Bohai Bay
Friday, February 13, 2009 The COSL Confidence was delivered for operation at the PPL Shipyard and will be dragged to Bohai Bay for operation.

Vantage's Emerald Driller Jackup Mobilizes to Thailand
Tuesday, February 03, 2009 Vantage's recently constructed jackup drilling rig Emerald Driller has commenced its contract and begun mobilization to its first drilling location in Thailand.

Seadrill Amends Construction Agreements with Shipyards for 4 Jackups
Friday, January 09, 2009 Seadrill has agreed with the PPL Shipyard and Keppel FELS to make certain amendments to the construction agreements for four new jackups entered into in June last year.

Sembcorp Marine Confirms Changes to Seadrill's Jackup Construction Contact
Friday, January 09, 2009 PPL Shipyard, a subsidiary of Sembcorp Marine and Seadrill have agreed to revised terms on the two jackup rigs ordered by Seadrill in June 2008.

Sinopec Orders a 375' Jackup from PPL Shipyard
Wednesday, September 17, 2008 PPL Shipyard has secured a contract from Sinopec International to build a PPL Shipyard Pacific Class 375 Offshore jackup rig at a value of US $229 million.

NuCoastal to Charter Deep Driller 7 for Offshore Thailand Ops
Tuesday, September 02, 2008 Coastal Energy Company announced that its wholly owned subsidiary has signed a Letter of Intent with Deep Drilling 7 Pte. Ltd. for a three-month charter of the newbuild jackup rig Deep Driller 7, which will soon commence operations offshore Thailand.

PPL Shipyard Wins Jackup Rig Order for $220MM
Monday, July 21, 2008 PPL Shipyard secured a contract from repeat customer, Egyptian Drilling Company, to build a jackup rig at a contract value of US $220 million.

JDC Takes Possession of New Jackup Hakuryu-10
Monday, June 09, 2008 The new jackup rig (to be named as Hakuryu-10) which had been constructed at PPL Shipyard in Singapore was completed as of June 4, 2008 and then delivered to JDC on the same day.

Seadrill to Build Four More Jackups
Thursday, June 05, 2008 Seadrill has entered into agreements with KFELS and PPL Shipyard in Singapore for the construction of in total four jackup newbuilds with delivery in 2010.

PPL Shipyard on Schedule to Deliver Aban VIII
Monday, April 21, 2008 PPL Shipyard is on schedule to deliver the Aban VIII jackup to Aban Offshore. A naming ceremony was held on April 19, 2008 at Sembawang Shipyard.

PPL Secures 4th Jackup Rig Order Valued at US $198 Million
Thursday, August 23, 2007 PPL Shipyard has been awarded a contract to build a Baker Marine Pacific Class 375 (BMC Pacific 375) Deep Drilling Offshore Jack-up Rig valued at US$198 million.

PPL Shipyard to Build Third Jackup for Offshore Group
Tuesday, June 26, 2007 PPL Shipyard, a subsidiary of SembCorp Marine, has been awarded a contract by Offshore Group Corp to build a Baker Marine Pacific Class 375 (BMC Pacific 375) Deep Drilling Offshore Jack-up Rig at a contract value of US$190 million.

Awilco Offshore Exercises Option for Eighth Jackup
Thursday, March 01, 2007 Awilco Offshore has exercised an option with PPL to build a 375ft jackup with a rated drilling depth of 30,000 ft. The rig will be named WilConfidence.

PPL Shipyard Receives Repeat Order from Offshore Group Corp.
Tuesday, January 16, 2007 PPL Shipyard has secured a repeat rig building contract from Offshore Group Corp. worth US $190 million for the construction of a Baker Marine Pacific Class 375 jackup.

Aker Kvaerner Wins Drilling Equipment Contract with PPL Shipyard
Wednesday, November 22, 2006 Aker Kvaerner has been awarded a contract with PPL Shipyard Pte Ltd in Singapore for delivery of drilling equipment for a Baker Marine Pacific Class 375 jackup. The total contract value for Aker Kvaerner is approximately US $15 million.

SembCorp's PPL Shipyard to Build Jackup for Offshore Group Corp.
Tuesday, October 31, 2006 PPL Shipyard has secured a rig building contract worth US$155 million from Offshore Group Corp. for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jackup Rig.

PT Apexindo's Soehanah Jackup Passes 80% Completion Mark
Thursday, September 28, 2006 On September 26, 2006, PT Apexindo said the Soehanah jackup has successfully completed a launching test at PPL Shipyard Ltd., Singapore.

Sinvest Takes Delivery of Deep Driller 1
Wednesday, May 24, 2006 Sinvest has today taken delivery of the Deep Driller 1 jackup rig from the PPL Shipyard in Singapore.

Awilco Exercises Option for Jackup Number 7
Wednesday, April 12, 2006 Awilco Offshore has exercised an option with PPL Shipyard Ltd. to build a 375' jackup with a rated drilling depth of 30,000'. The option was awarded by the yard in the spring of 2004.

Accident at PPL Shipyard
Tuesday, April 04, 2006 At approximately 9.35 a.m. on April 4th, a ringer crane was performing a normal shipyard lifting operation at PPL Shipyard. While positioning the load, the boom of the crane collapsed.

PPL On Track to Deliver Deep Driller 1 On Time
Thursday, March 09, 2006 PPL Shipyard, a subsidiary of SembCorp Marine is on track to deliver its first in-house proprietary designed Baker Marine Pacific Class 375 Deep Drilling Offshore jackup.

Sinvest Exercises Option to Build Third Baker Marine Pacific Class Jackup
Tuesday, February 07, 2006 Sinvest ASA has utilized a current option for construction of one additional Baker Marine 375 "Pacific Class" jackup.

PPL Shipyard to Build New Jackup for Aban Loyd Chiles
Tuesday, January 03, 2006 PPL Shipyard has secured a contract with Aban Loyd Chiles Offshore Ltd of India for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore jackup for US $175 million.

Awilco Offshore Exercises Option for Fifth Jackup
Monday, October 03, 2005 Awilco Offshore has exercised an option with PPL to build a 375' jackup with a rated drilling depth of 30,000 ft.

PPL Shipyard Acquires Sabine Shipyard in Texas
Thursday, September 22, 2005 PPL Shipyard, a subsidiary of SembCorp Marine is in the process of acquiring the Sabine Shipyard, located in Texas.

PPL Secures Another Rig Construction Contract Worth $129 Mln
Monday, April 04, 2005 PPL Shipyard has secured a US$129 million contract for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore jack-up rig for Seatankers Management Co. Ltd.