Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$385.5 million contract to build a semi-submersible well intervention rig from Helix Energy Solutions Group Inc. (Helix), a market leader in subsea well intervention services. Scheduled for delivery in January 2015, the semi-submersible well intervention rig will be built based on Bassoe Technology’s naval architectural design with Helix’s equipment layout. Featuring the latest technology, the rig is an efficient purpose-designed platform with capabilities to perform a wide variety of tasks, including conventional and extended top hold drilling, subsea construction, decommissioning well intervention, coiled tubing operations and twin ROV deployment. The Dynamic Positioning (DP) class 3 unit has the ability to operate in deepwater operations worldwide, including the Gulf of Mexico, offshore Brazil and West of Africa.
Mr Don Lee, Senior General Manager, Jurong Shipyard’s Offshore Division said, “We are honoured that Helix has entrusted us with the construction of this highly specialised deepwater semi-submersible well intervention rig. This rig is Jurong Shipyard’s first specialised platform with well intervention and subsea capabilities and represents a significant advance for us in this growing new market segment. We would like to thank Helix for awarding us this contract, which is a testament to Jurong Shipyard’s rig construction capabilities and versatility in developing purpose-designed solutions for the offshore industry. We are committed to build on this new partnership with Helix and to meet their stringent standards of quality, safety and reliability.”
The contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2012.
