Singapore oil and gas services firm Jasper Investments (JASP.SI) said it intends to acquire 2-4 more jack-up rigs in the next 2-3 years and hopes to return to profitability when its drillship starts work on a well in West Africa in October.
Jasper recently ordered two jack-up rigs from Keppel Corp (KPLM.SI), the world’s largest oil rig builder, at around US$180 million ($223.9 million) each. The first rig is scheduled for delivery in November 2012, while the second one in May 2013.
Jasper recently ordered two jack-up rigs from Keppel Corp (KPLM.SI), the world’s largest oil rig builder, at around US$180 million ($223.9 million) each. The first rig is scheduled for delivery in November 2012, while the second one in May 2013.
The firm currently has a drillship Jasper Explorer and Neptune Finder, a semi-submersible hull pending upgrade, in its portfolio.
“We think that in order to achieve economies of scale and to be able to present ourselves as a serious player in the market, we need more rigs,” Jasper executive director Geoffrey Yeoh told Reuters in an interview.
“Hence the desire to add more jack-ups to our fleet, and this could be another 2 to 4 jack-ups” he said, adding that the current market price of a jack-up rig is between US$180 million and US$200 million.
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