PPL Shipyard Bags Two Jackup Deals from Oro Negro

Singapore's Sembcorp Marine’s subsidiary PPL Shipyard has won two turnkey contracts worth a total of $417 million from Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. (Oro Negro) for the construction of two units of jackups.

The rigs are scheduled for delivery at end July 2015 and end of third quarter 2015, with the offshore jackups to be built based on PPL Shipyard’s proprietary Pacific Class 400 design.

The total number of Pacific Class 400 jackup rigs ordered by Oro Negro now stands at six units, which included a contract for two rigs placed in November 2012 and a contract for a further two in March 2013.

Sembcorp Marine said the rigs will incorporate the latest drilling equipment for improved drilling efficiency, offline handling features and simultaneous operations support. These new rigs will be capable of operating in deeper waters of 400 feet and drilling high pressure and high temperature wells to depths of 30,000 feet. The rigs will be equipped with increased accommodation with full catering facilities and amenities for a complement of 150 people on board in one-man and two-men cabins.

“We are very pleased to repeat our orders for an additional two jackup rigs of similar design with our partner yard, PPL Shipyard. All four jackup rigs currently under construction in the shipyard are progressing well. With these two additional orders, we look forward to taking delivery of the first unit in the fourth quarter of this year, 2 units in 2014 and 3 units in 2015. Once fully operational, these high-specification jackup rigs will position Oro Negro as a leading player in Mexico’s growing offshore market,” said Gonzalo Gil, CEO of Oro Negro in the Sembcorp Marine press statement.

“We are indeed heartened that Oro Negro has chosen our yard for an additional order of two more jackup rigs of similar design within a short span of three months. This repeat order is a reflection of the optimism the owner has in the jackup market. It also signifies the trust and confidence that the owner, Oro Negro, has in PPL Shipyard’s design capabilities, its efficient project execution and track record for quality and timely deliveries,” Wong Teck Cheong, managing director of PPL Shipyard, said in the same company release.


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