Sembcorp Marine

Sembcorp Marine’s subsidiary PPL Shipyard secured a USD-240-million contract to build a jackup rig for Bot Lease, a leasing company owned by The Bank of Tokyo-Mitsubishi UFJ. The rig will be able to drill in 400 ft of water and will be capable of drilling high-pressure/high-temperature wells to depths up to 35,000 ft. It will be named Hakuryu 14, and delivery is scheduled for the end of October 2016.