Malaysia’s Perisai orders third 400-ft jackup from PPL Shipyard

Posted on 07 January 2014

Perisai has ordered a third Pacific Class 400 jackup from PPL Shipyard. The rig is scheduled for delivery in Q3 2016.

Perisai has ordered a third Pacific Class 400 jackup from PPL Shipyard. The rig is scheduled for delivery in Q3 2016.

PPL Shipyard, a subsidiary of Sembcorp Marine, has secured a repeat order to build a third Pacific Class 400 jackup worth US $211.5 million from Perisai Inc, a subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in Q3 2016, this third jackup will be built based on PPL Shipyard’s proprietary Pacific Class 400 design with similar specification as the first and second jackups, named Perisai Pacific 101 and Perisai Pacific 102. Those orders were secured in May 2012 and February 2013, respectively.

Incorporating the latest drilling equipment for improved drilling efficiency, offline handling features and simultaneous operations support, this high-specification rig is capable of operating in waters of 400 ft and drilling high-pressure and high-temperature wells to depths of 30,000 ft. The rig will be equipped with full hotel services for up to 150 people onboard.

En. Izzet Ishak, managing Director of Perisai Petroleum Teknologi Bhd, said “We are indeed delighted to have PPL Shipyard, our trusted partner yard, as the builder of our third jackup rig. The order of the first jackup rig, the Perisai Pacific 101, propelled our initial thrust into the offshore drilling segment of the market, with specific focus in Malaysia and broadly in the Asia Pacific region. Perisai Pacific 102 will broaden our asset offerings to our clients and add economies of scale to our drilling operations. This third jackup rig order will further strengthen Perisai’s position as an offshore drilling operator and is poised to meet the strengthening global demand for jackup drilling rigs. We are pleased with the progress of our rigs currently under construction, and we are confident that PPL Shipyard will achieve the timely deliveries of our rigs and meet our stringent requirement for quality, safety and reliability.”

Wong Teck Cheong, managing director for PPL Shipyard, said, “We are very pleased that Perisai has chosen to order the third Pacific Class jackup rig with us. This repeat order is a reflection of the optimism that the owner has in the jackup rig market. It is also an endorsement of our design and our ability to deliver on schedule and within budget. Our proprietary ownership of this design offers us the flexibility to provide custom-design turnkey solutions to meet the unique requirements of our clients and the field operators. Since the launch of our Pacific Class 400 series in 2010, a total of 15 jackup rigs have been ordered, and to date seven units have been delivered and are in operations.”

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