Seadrill to purchase CJ70 harsh-environment jackup from Sembcorp Marine

By Phaedra Friend Troy

Offshore drilling contractor Seadrill (SDRL) has signed a letter of intent to purchase a harsh-environment jackup drilling rig from Sembcorp Marine’s Jurong Shipyard.

The CJ70 harsh-environment jackup drilling rig was originally contracted for construction at the Jurong Shipyard in Singapore by Petropod. In 2009, Petropod went into official liquidation, and Jurong Shipyard terminated the contract for the construction of the heavy-duty jackup when no further payments were received on the rig.

Although Seadrill has not yet announced the LOI, Statoil announced yesterday that it has signed an LOI with Seadrill for the Gusto MSC CJ70 150A jackup, which is currently under construction in the Jurong yard. For a consideration of $650 million the rig will work in the Norwegian Continental Shelf for a firm five years. This rig is scheduled to start drilling in 2011.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs