Sembcorp Marine’s orderbook YTD now a whopping S$6.6bil

Thanks to its latest S$385.5 million contract from Helix Energy Solutions.

According to Phillip Securities, the rig is scheduled for delivery in January 2015.

What is the news?
Sembcorp Marine announced yesterday that it has secured a US$385.5 million contract from Helix Energy Solutions
Group Inc. to build a semi-submersible well intervention rig. The rig is scheduled for delivery in January 2015 and will have the capability to perform conventional and extended top hold drilling, subsea construction, decommissioning well intervention, coiled tubing operations and twin ROV deployment. It is likely to be deployed in the Gulf of Mexico according to a source quoted on Upstream.

How do we view this?
We welcome news of this award as it expands Sembcorp Marine’s range of semi-subs (other than drilling units and accommodation units) to encompass deepwater well intervention models. We also understand from management that this rig contract will be on a milestone payment basis. This order win has lifted Sembcorp Marine’s current year-todate orderbook to approx. S$6.6bil with total year-to-date order wins of S$1.74 bil.

Also Read

Shell pipeline leaks oil into Singapore’s Bukom Island

Changi Airport Group unveils three faster vessels for sea rescues

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit