Sembcorp Marine said on Monday that its unit PPL Shipyard has won a contract to build a $220 million jack-up rig for the Egyptian Drilling Company.
This is the second rig that PPL is building for the oil firm, a joint venture between the Egyptian General Petroleum Corp and Denmark’s AP Moeller Maersk, and is scheduled for delivery in mid-2010, SembMarine said in a statement.
The first rig, under construction, is due for delivery in December 2009, it said.
