PPL Shipyard (PPL) will build a Pacific Class 400 jack-up rig for Perisai, a wholly-owned subsidiary of Perisai Petroleum Teknologi, in an order worth $211.5m.
It will be the third build based on PPL’s Pacific Class 400 design, following the order for two jack-up rig units secured in May 2012 and February 2013 respectively.
Perisai Petroleum Teknologi managing director Izzet Ishak said the order of the Perisai Pacific 101 boosted their business in the offshore drilling market, specifically in Malaysia and the Asian Pacific region.
“Perisai Pacific 102 will broaden our asset offerings to our clients and add economies of scale to our drilling operations. This third jack-up rig order will further strengthen Perisai’s position as an offshore drilling operator and is poised to meet the strengthening global demand for jack-up drilling rigs,” Ishak said.
The third jack-up rig will be equipped with the latest drilling equipment, offline handling systems and simultaneous operations support systems.
The rig will operate at depths of more than 400ft and in high-pressure and high temperature wells with depths of 30,000ft. It will accommodate 150 persons on board in 1-man and 2-man cabins.
PPL’s managing director Wong Teck Cheong said the repeat order is a reflection of the optimism in the jack-up rig market.
“Our proprietary ownership of this design offers us the flexibility to provide custom-design, turnkey solutions to meet the unique requirements of our clients and the field operators. Since the launch of our Pacific Class 400 series in 2010, a total of 15 jack-up rigs have been ordered and to-date seven units have been delivered and are in operation,” Cheong said.
The third rig is scheduled for delivery in the third quarter of 2016.
PPL Shipyard is a subsidiary of Singapore-based Sembcorp Marine. Perisai Petroleum Teknologi is confident that PPL will achieve the timely deliveries of their rigs and meet their stringent requirement for quality, safety and reliability.