TSC Group has received a $29.2m contract from CIMC Raffles Shipyard for a 300ft jack-up rig package.

The contract includes an option for another similar jack-up rig package by the end of 2011.

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As per the contract, TSC will design, engineer and provide an integrated drilling rig package and power control package to CIMC Raffles Shipyard.

The Friede and Goldman-designed Super M2 jack-up drilling rig has a drilling depth of 30,000ft and can operate under all weather conditions.

In two years, this will be the fifth Friede and Goldman-designed Super M2 jack-up rig package that TSC Group has provided CIMC Raffles with .

The rig is expected to be completed in the fourth quarter of 2013.

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