JDC Takes Possession of New Jackup Hakuryu-10

The new jackup rig (to be named as Hakuryu-10) which had been constructed at PPL Shipyard in Singapore was completed as of June 4, 2008 and then delivered to JDC on the same day.

The rig with the latest drilling equipment is of the Baker Pacific Class 375 design, and capable of drilling down to 30,000 feet in water depths of up to 375 feet. It has an overall length of 69.22m, a beam of 68.4m and a hull depth of 8.5m.

JDC has transferred the ownership of the rig to its Panamanian subsidiary, Hakuryu 10, Inc. and accordingly the rig will have a Panamanian flag. Around in August this year, after the preparation work and familiarization training of crews, the rig will sail out to the Republic of Tunisia where the rig will commence its first operation.