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Singapore's Sembcorp Marine Inks LOI to Build Rig for Prosafe

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Singapore's Sembcorp Marine – through its subsidiary Jurong Shipyard – has inked a letter of intent with repeat customer, Prosafe AS, to build a semisubmersible accommodation rig, the company said in a disclosure Friday.

"The rig, which is of similar design as the Safe Boreas presently under construction in Jurong Shipyard, will be built to comply with Norwegian regulations," Sembcorp Marine said.

The Safe Boreas, a rig constructed to the GVA 3000E design and equipped with a DP3 (dynamic positioning) system as well as a 12 point mooring arrangement, cost $350 million, a release by Prosafe on Dec. 14, 2011 shows.

The company expects to follow with the signing of the contract.

The rig will be ready for operations in the North Sea in 2015, and the final delivery date is to be determined in the final yard contract, Prosafe said in a statement.

Jurong Shipyard has also granted Prosafe two options for further new builds, meaning that Prosafe now in total has options for three new builds at the shipyard.

"The additional two options can be designed for either the Norwegian Continental Shelf or for world-wide operations outside of Norway," Prosafe said. 



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