SembCorp Industries : Sembcorp Marine's Wholly Owned Brazilian Shipyard Estaleiro Jurong Aracruz Secures a US$792.5 Million Drillship Contract from Sete Brasil Read more
02/05/2012 | 08:12pm
Sembcorp Marine's wholly-owned Brazilian shipyard Estaleiro
Jurong Aracruz has secured a contract worth approximately
US$792.5 million from Guarapari Drilling BV, Netherlands, a
subsidiary of Sete Brasil Participacões S.A. (Sete Brasil),
for the design and construction of a drillship based on
Jurong Shipyard's proprietary Jurong Espadon drillship
design.
The Jurong Espadon drillship represents the next generation
of high-specification drillships with advanced capabilities
for operational efficiency and ultra-deepwater operations
worldwide. The drillship will be equipped with
state-of-the-art drilling facilities, a larger deck area with
a 40-meter-wide main deck, efficient deck arrangement and a
large moon pool for enhanced drilling operations as well as
DP-3 (Dynamic Positioning class 3) capabilities, superior
motion features and Azimuth thrusters for improved
operability. It is capable of operating at 10,000 ft water
depth and drilling to depths of 40,000 ft, with accommodation
facilities to house a crew of 180 personnel.
Scheduled for delivery no later than 2Q 2015, the
ultra-deepwater drillship will be among a series of
drillships to be built in Brazil to cater to the recent oil
and gas discoveries in the offshore giant pre-salt fields.
Mr Wong Weng Sun, President and CEO of Sembcorp Marine said
"This is a very significant milestone as this order not only
represents the first drillship that our group is building for
Brazil but it is also the first project secured by our new
shipyard in Aracruz. The fact that Sete Brasil has chosen our
design is a testament of the drillship's high-specification
capabilities and innovative design as compared to its peers.
We believe this order will be the first of many orders in
Sete Brasil's ambitious drillship expansion programme to
develop the giant Brazilian pre-salt oil fields."
Barring unforeseen circumstances, Sembcorp Marine expects a
positive contribution to its earnings from the contract.
However, the contract is not expected to have any material
impact on the consolidated net tangible assets per share of
Sembcorp Marine for the year ending December 31, 2012.
About Sete Brasil
Sete Brasil is a Brazilian company established in December
2010 and formed by seven Brazilian finance investors,
including banks and the four biggest Brazilian pension funds,
besides Petrobras.
About Estaleiro Jurong Aracruz
Estaleiro Jurong Aracruz is a wholly-owned subsidiary of
Jurong Shipyard and the Group's first overseas integrated New
Yard Facility in the state of Espirito Santo, Brazil held its
ground breaking ceremony in December 2011.
The 82.5-hectare freehold Integrated New Brazilian Yard
Facility will be constructed on over a period of three years
and in stages with full completion scheduled for end 2014
with preliminary projection of the development costs of the
Integrated New Brazilian Yard Facility estimated to be around
US$550 million.
Planned shipyard facilities include a 120m x 380m drydock, a
one-kilometer berthing quay as well as ancillary piping
facilities and steel fabrication workshops. Well-positioned
to serve Brazil's vibrant offshore and marine sector,
Estaleiro Jurong Aracruz will have capabilities to undertake
construction of drillships, semi-submersible and jackup rigs,
platforms, supply vessels, the integration of FPSOs and
topside modules fabrication, in addition to the traditional
activities of drilling rig repairs, ship repairs and
modification/upgrade works.
For media and analysts enquiries, please contact:
Ms Judy Han
Senior Vice President
Investor Relations & Communications
Tel : (65) 62627203
Fax : (65) 62610738
Email : judy@sembcorpmarine.com.sg
Website : www.sembcorpmarine.com.sg
