SembCorp Marine Won a Contract From 50% Owned Danish Company

Singaporean-based, SembCorp Marine subsidiary PPL Shipyard has won a contract from Egyptian Drilling Co. (EDC), 50% owned by Danish A.P. Moller-Maersk Group to build a US$201 million Baker Marine Pacific Class 375 (BMC Pacific 375) jackup rig.
Construction of the jackup is expected to commence in the third quarter of 2007 with delivery scheduled in December 2009. 
The rig will be built based on PPL Shipyard’s proprietary BMC Pacific 375 Deep Drilling design and will be equipped with a drilling package capable of drilling high pressure and high temperature wells to a total depth of 30,000 feet (9,144 m) while operating in up to 375 feet (114 m) of water.The jackup also is designed with accommodations for 120 personnel.
PPL Shipyard has received 21 new build orders based on the BMC Pacific 375 Deep Drilling design since the design’s launch in 2004. Six of the units have been delivered to their owners, and 15 others are in various planning, engineering and construction phases with deliveries stretching from 2007 to 2009.
EDC is a joint venture between Egyptian General Petroleum Corp. and Danish A.P. Moller-Maersk Group formed 30 years ago. Maersk Contractors, a unit of A.P. Moller-Maersk Group has one BMC Pacific 375 rig in its fleet working in Brunei and another under construction in SembCorp Marine’s Jurong Shipyard.

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