SHI Clinches $1.3B Contract to Build 2 Drillships

South Korea's Samsung Heavy Industries Co. Ltd. (SHI) announced Wednesday that it has clinched a contract Tuesday to construct two new drillships for a company based in Oceania, the firm said in a disclosure to the Korea Exchange Wednesday.

The contract, valued at worth $1.3 billion (KRW 1.34 trillion), will take effect from April 8 to June 30, 2017. No further contract details for the drillships were available.

In late February SHI delivered to Maersk Drilling the Maersk Viking (UDW drillship), with the vessel scheduled to commence a three year contract with Exxon Mobil Corp. in the US Gulf of Mexico.

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