Industry News - Rig Market - Newbuilt jack-up rig awarded contract Newbuilt jack-up rig awarded contract by: OilOnline Thursday, October 19, 2006
Maersk Contractors and Total E&P Borneo have agreed on a contract for lease of a 375 ft jack-up rig to drill at Total's Maharaja Lela field off Brunei. The rig is the first of two identical jack-up drilling rigs presently under construction at Jurong Shipyard in Singapore.
The contract will commence upon delivery of the rig in March 2007 and has a duration of one year with an option to extend the contract for one more year.
This latest generation 375 ft jack-up rig, which has yet to be named, distances itself from conventional jack-ups in several areas, not least on the drill floor where the highly mechanised equipment leads to increased safety of the crew. The sophisticated drilling equipment will also make the rigs well qualified for drilling deep and difficult wells, including high temperature/high pressure wells.
A total of 120 people can be accommodated on board.
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