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Mr John Vecchio, Executive Vice President of Diamond Offshore said "We are pleased to have entered into this agreement with Jurong Shipyard to enhance our deep water rig fleet with this high profile project. We are excited about our new project and look forward to working with Jurong Shipyard for an on time delivery of the Apex." Mr Wong Weng Sun, President and CEO of Sembcorp Marine said "We are happy that Diamond Offshore has chosen to partner with Jurong Shipyard in their fleet enhancement programme. We are heartened by their trust and confidence in our capabilities and will continue to build on this strong partnership and synergy going forward." The above contract is not expected to have any material impact on the consolidated net tangible assets and earnings per share of Sembcorp Marine for the year ending December 31, 2012. About Diamond Offshore Diamond offshore provides contract drilling services to the energy industry and is a leader in deepwater drilling. Diamond Offshore's drilling rigs consists of 30 semi-submersibles, seven jack-ups and one drillship, in addition to four ultra-deepwater drillships and two deepwater semi-submersible rigs currently under construction. About Jurong Shipyard Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, is a leading shipyard offering integrated services and customized solutions in ship repair, shipbuilding, ship conversion, rig building and offshore engineering to a word-wide clientele. Apart from its proven track record in the building and servicing of jack-up and semi-submersible rigs, Jurong Shipyard is also a global leader in the EPC conversion of tankers to floating production storage and offloading units (FPSOs), floating storage and offloading vessels (FSOs) and floating production units (FPUs). Sembcorp Industries press release |
Sembcorp Marine's Jurong Shipyard Secures New Deep Water Capacity Ocean Apex Project From Diamond Offshore Drilling, Inc. For US$135 Million