Rigs: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

LeTourneau to Build a New Jack-Up Rig for Petrovietnam

Source: www.gulfoilandgas.com 6/1/2009, Location: Asia

Share |

Rowan Companies, Inc. announced that its wholly-owned subsidiary, LeTourneau Technologies, Inc. ("LTI") has entered into a contract to provide the rig kit, license and certain technical consultancy assistance to Vietnam's PetroVietnam Marine Shipyard J/S Company ("PetroVietnam Shipyard") for the construction of a newbuild LeTourneau Super 116E jack-up rig with 377 feet of leg. PetroVietnam Shipyard will construct the Super 116E jack-up for Vietnam Oil & Gas Group (PetroVietnam) in Vung Tau City, S. R. Vietnam.

Dan Eckermann, LTI's President and Chief Executive Officer, stated, "We are pleased to enter into this new market with PetroVietnam Shipyard and support the Vietnamese Government's interest in developing the nation's rig building industry to meet planned oil and gas export projects. This contract demonstrates our strong commitment for international growth through the supply of our state-of-the-art rig kits, rig designs and drilling equipment."

LTI's contract with PetroVietnam Shipyard, valued at approximately $40 million, provides key rig kit equipment, designed and fabricated by LTI, including the leg components, elevating system, controls, spud can materials, cantilever skidding system and hold-down structures. LTI will deliver the rig kit equipment in stages commencing in the fourth quarter of 2009 with the final shipment in the third quarter of 2010.

The Super 116E Class is one of five current LTI jack-up rig designs, and is an evolution of LTI's industry workhorse 116-C Class design. The Super 116E provides for up to 2,000 kips greater payload than its predecessor and is designed to drill in up to 350 feet of water in moderate environmental locations. The rig can be outfitted to handle high temperature/high pressure wells.

LTI built the world's first jack-up drilling rig in 1955. Today, LTI is an acknowledged leader in the supply of offshore jack-up drilling rigs with a well-known track record of dependability, a reputation for the finest technology, and a company-wide commitment to innovation and customer responsiveness.

Rigs >>

Rigs News in Vietnam >>

KCA Deutag Secures $170m Rig Contract Offshore Angola
Angola >>  7/16/2014 - International drilling and engineering contractor, KCA Deutag, has been awarded a $170m contract by Sonangol Pesquisa e Producao, S.A., for the provis...
QGOG Awarded Contract for Olinda Star Rig
Brazil >>  7/14/2014 - Karoon has executed final agreements with members of the QGOG Constellation S.A. group for contracting the “Olinda Star” semisubmersible drilling rig....

Transocean Barents to Stord
Norway >>  7/14/2014 - The H-6e drilling rig Transocean Barents will arrive Kvaerner's facilities at Stord this week for a two month yard stay. The main purpose of the stay ...
Savanna Signs Contract for 1500HP VELOX Triple Drilling Rig
United States >>  7/14/2014 - Savanna Energy Services Corp has signed a contract for its previously disclosed VELOX Drilling Rig for deployment in the Permian Basin in West Texas. ...

Weatherford to Sell to Rosneft Land Rig for $500m
Russia >>  7/13/2014 - Weatherford International plc entered into agreements with Rosneft for the sale of the Company's land drilling and workover operations in Russia and V...
PTTEP Contracts UMW Jack-up for Block M-3 Drilling Offshore Myanmar
Myanmar >>  7/9/2014 - UMW OIL & GAS CORPORATION BERHAD announced that its wholly-owned subsidiary UMW Offshore Drilling Sdn Bhd (“UOD”) has been awarded a contract with PTT...



Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Vietnam Oil & Gas 1 >>  2 |


More News

Oil & Gas Companies in Vietnam >>

Related Links

Countries Quick Links

AZ BD BN CN GE HK ID IN IR JP KG KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us