Friday, February 17, 2012

Sembcorp Marine wins $269m jack-up rig contract

Sembcorp Marine, the world's second largest rig builder, said on Friday its subsidiary PPL Shipyard has won a US$213 million ($269 million) contract to build a jack-up drilling rig for Safin Gulf FZCO.

The rig is due for delivery in November 2012.

Safin Gulf is part of the privately owned Austria-based Safin GmbH, a group that is involved steel trading, distribution, coal, oil trading and mining.

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