Perisai Gets LOA for Perisai Pacific 101 Jackup from Petronas Carigali

Perisai Petroleum Teknologi Bhd's 51 percent subsidiary Perisai Offshore Sdn Bhd (Perisai Offshore) has received a Letter of Award (LOA) April 24 from Malaysian national oil and gas company Petronas' upstream unit Petronas Carigali Sdn Bhd for the provision of a newbuild jackup Perisai Pacific 101 (400' ILC) for a period of three years, the company said in an announcement on local stock exchange Bursa Malaysia.

Works required under the terms of the LOA would be carried out by Perisai's wholly owned subsidiary Perisai Drilling Sdn Bhd and managed by Hercules Offshore, Inc., which is the drilling operations and maintenance manager of Perisai Pacific 101. Actual operations will commence in mid 2014 in support of Petronas Carigali’s drilling campaign.

The Perisai Pacific 101 jackup is now being built by PPL Shipyard Pte Ltd in Singapore. The jackup, which is equipped to drill high pressure and high temperature wells as deep as 30,000 feet, can operate in water depths of up to 400 feet and has accommodation for 150 persons.

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