Jurong Finalizes Contract with Seadrill for Drilling Unit

Sembcorp Marine announced that the Award of Contract signed between its subsidiary Jurong Shipyard and Seadrill Limited to build the 4th unit of the ultra-deepwater semi-submersible drilling is now effective at a contract value of US$640 million.

The contract is not expected to have any material impact on the net tangible assets and earnings per share of Sembcorp Marine for the year ending December 31, 2008.

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