TSC wins jack-up rig contract

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.

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.