Sembcorp Marine Bags $135M Contract from Diamond Offshore

Sembcorp Marine's wholly-owned Jurong Shipyard has secured a $135 million project contract from deepwater drilling company Diamond Offshore.

The rig, to be named the Ocean Apex, will be constructed utilizing an existing hull from a Diamond Offshore cold stacked unit, Diamond Offshore said in a statement. Diamond Offshore added that the total project cost is expected to be approximately $370 million. 
According to Sembcorp Marine, the moored semisubmersible will be built at Jurong Shipyard in Singapore, and is due for delivery in 2Q 2014. It will be able to drill in up to 6,000 feet of water. 
Its design specifications include a variable deck load of 7,000 long tonnes, a maximum hook-load capacity of two million pounds, crew quarters capacity for 140 personnel, and a very large deck space, Sembcorp Marine added. 
"We are expecting Sembcorp Marine to announce several more high-profile contract wins moving into the fourth quarter of this year," Maybank Kim Eng's Analyst Yeak Chee Keong told Rigzone on Wednesday.
Sembcorp Marine's latest win follows closely on its big contract scores announced in early-August. On August 8, 2012, the company reported that it has secured contracts for five drillships worth around $4 billion from Sete Brasil.


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