Sinvest Exercises Option to Build Third Baker Marine Pacific Class Jackup

Sinvest ASA has, through its wholly owned subsidiary Deep Drilling Invest Pte. Ltd., utilized a current option for construction of one additional Baker Marine 375 "Pacific Class" jackup for a contract price of US $140.1 million.

The jackup now ordered will be capable of operation in water depths of 375 feet and drilling depths down to 30,000 ft. Delivery will take place in the third quarter of 2008.

Sinvest will upon completion of this transaction have three rigs under construction by PPL Shipyard Pte. Ltd.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Heavy Machinery Operator
Location: San Antonio, TX
 
Instrumentation & Electrical Project Estimator
Expertise: Electrician|Estimating|Project Management
Location: Spring, TX
 
Rockies Regional Instrumentation & Electrical Operations Manager
Expertise: Business Development|Electrician|Operations Management
Location: Durango, CO
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours