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Dr. Benety Chang, Deputy Chairman of PPL Shipyard said “We are very pleased that Perisai has chosen the Pacific Class 400 design as its maiden jack-up drilling rig design. We have complemented several companies in growing their rig fleet and in expanding their business into the offshore oil and gas sector. We hope to contribute to our partners’ long-term success and sustainable growth in the industry.” “We would like to thank Perisai for their confidence in entrusting their first unit to PPL. The proprietary ownership of this design gives us the flexibility to customise turnkey solutions to suit our client’s and the field operator’s requirement as the needs arise.” “This unit represents the 8th unit of the Pacific Class 400 series since the launch in 2010.” En. Izzet Ishak, the Managing Director of Perisai Petroleum Teknologi Bhd said “The construction of the jack-up drilling rig represents a significant moment for the Perisai Group. We are excited by this new class of asset as it represents our entry into the offshore drilling segment specifically in Malaysia and broadly in the Asia Pacific region. This construction will provide our customers with access to a technologically advanced latest generation drilling rig. The rig’s high specification matches industry best standards with regard to, amongst others, water and drilling depths and load handling capacity of drill pipes. This, together with the extensive and illustrious history of PPL Shipyard, provides Perisai with added confidence as it enters into this new and exciting segment of operations.” The contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2012. About Perisai (L) Inc. Perisai (L) Inc. is a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd, a Malaysia based upstream oil & gas service provider listed on the Malaysian stock exchange of Malaysia. The Perisai Group owns a fleet of strategic oil & gas vessels and facilities supporting the exploration, development and production phases of offshore oil & gas fields both in and out of Malaysia. The Perisai Group continues to focus on its area of strength by seeking continuing investments in value adding, earnings accretive, strategic offshore oil & gas vessels and facilities. About PPL Shipyard PPL Shipyard, a subsidiary of Sembcorp Marine, is an integrated rig design and rig building yard with a proven track record in the turnkey building and delivery of jack-up and semi-submersible rigs. To-date, the yard has built and delivered over 25 Pacific Class jack-ups in the last 6 years. The first Pacific Class 400 unit (Transocean Honor) was delivered in December 2011 to Transocean, the largest rig operator in the world. Currently Transocean Honor is operating in West Africa on a long-term charter. Sembcorp Industries press release |
Sembcorp Marine’s PPL Shipyard Secures A Us$208 Million Contract To Construct A Pacific Class 400 Jack-Up Drilling Rig From Perisai (L) Inc.