Tuesday, October 18, 2011

ES Group wins orders for 2 jack-up drilling rig blocks

Catalist-listed ES Group (Holdings) says wholly-owned subsidiary, ES Offshore Engineering, has won another order to construct two jack-up drilling rig blocks for a major Singapore shipyard, following an order by the same customer, which had been won by ES Group through a tender process as announced on 20 June 2011.

This major customer ordered two additional jack-up drilling rig blocks as part of a high specification jack-up rig’s main hull after assessing ES Group’s capabilities and quality from numerous projects, awarded by the same major customer, that the group had worked on, previously.

The total size of the jack-up drilling rig blocks amounts to approximately 1,320 metric tonnes. This is almost double that which was ordered in the previous contract, making it the largest jack-up drilling rig blocks order received by the company to date.

Construction for the two jack-up drilling rig blocks will commence in November 2011 and delivery is scheduled for July 2012.

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