Sembcorp Marine unit to build US$208M drilling rig for Perisai

It also has an option to construct an additional unit of a similar specification jackup rig worth US210m for delivery in 2Q15.

Sembcorp Marine’s subsidiary PPL Shipyard has secured a US$208 million contract to construct a Pacific Class 400 jack-up drilling rig for Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd, with an option to construct an additional unit of a similar specification jackup rig for delivery in the second quarter of 2015. The price for the option rig is US$210 million with adjustment to certain cost escalation.

The Pacific Class 400 jack-up drilling rig is PPL Shipyard’s proprietary design. This design is an enhanced version of PPL Shipyard’s Pacific Class 375 design series, of which 27 units are now operating worldwide.

The Pacific Class 400 rig represents the latest generation of high-specification jack-up rigs that are capable of operating in water depths of 400 feet and drilling to depths of 30,000 feet.

The rig’s maximum drill centre is cantilevered at 75 feet aft and it has a derrick hook load capacity of 1,500,000 lbs. The rig is equipped with full hotel services for a complement of 150 men on board in 1-man cabins and 2-men cabins. This unit is scheduled for delivery end July 2014.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia