Sembcorp Marine Gets $1.08 Billion in Contracts from Transocean to Build 2 Drillships
27 February 2014 - 11:17AM
Dow Jones News
By Chun Han Wong
SINGAPORE--Sembcorp Marine Ltd. (S51.SG) said one of its units
received from a Transocean Ltd. (RIG) subsidiary contracts worth a
combined $1.08 billion to build two drillships.
Jurong Shipyard is due to deliver the drillships in the second
quarter of 2017 and first quarter of 2018 respectively, Sembcorp
said in a statement to the Singapore Exchange. Transocean has also
taken options for an additional three drill ships, it added.
Transocean currently owns and operates six drilling rigs built
by Sembcorp Marine's units, including two rigs built by Jurong
Shipyard.
Write to Chun Han Wong at chunhan.wong@wsj.com
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