PetroProd Placed Under Provisional Liquidation in Cayman Islands

SembCorp Marine wishes to announce that its wholly owned subsidiary, Jurong Shipyard Pte Ltd, has received notice that PetroProd Ltd is placed under provisional liquidation in the Cayman Islands.

PetroProd Ltd is the parent company of PetroProd D&P I Ltd which has contracted with Jurong Shipyard to build an MSC CJ70 jackup drilling rig, and PetroProd 1 Ltd which has contracted with Jurong Shipyard to convert an existing tanker into an FPSO. Jurong Shipyard is liaising with the provisional liquidators to obtain more information.

Based on best known information, this event is unlikely to have any material impact on the two contracts. SembCorp Marine will make the update as and when necessary.

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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Junior-Level Mechanical HVAC Design / Energy Audit Engineer
Expertise: HVAC|Mechanical Engineering
Location: San Antonio, TX
Energy Engineer
Expertise: Mechanical Engineering
Location: Gainesville, FL
Electrician Apprentice 1st Year- Hobbs, NM Job
Expertise: Electrician
Location: Hobbs, NM
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