Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$346 million contract to build a second semi-submersible well intervention rig for Helix Energy Solutions Group, Inc. (Helix), a market leader in subsea well intervention services.
Scheduled for delivery in mid-2016, the semi-submersible light well intervention rig will be built based on a design jointly developed by Sembcorp Marine Technology Pte Ltd (SMTP), a fully-owned Research & Development subsidiary of Sembcorp Marine, and Helix. Featuring the latest technology, the rig – named Q7000 by Helix – is an efficient purpose-designed platform with capabilities to perform a wide variety of tasks, including conventional and extended top hole drilling, subsea construction, decommissioning well intervention, coiled tubing operations and twin ROV deployment.
The Dynamic Positioning (DP) class 3 unit has the ability to operate in deepwater operations worldwide, including the North Sea and West of Africa.
William Gu, General Manager of Offshore Division said: “We are honoured that Helix has chosen to build their second semi-submersible well intervention rig with us. This repeat order is significant as it testifies as to their trust and confidence in our design and building capabilities in rigs with well intervention and subsea capabilities that are customised to meet this new growth segment of the market. We are committed to build on our partnership with Helix and to meet their stringent standards of quality, safety and reliability.”
Owen Kratz, Helix’s President and Chief Executive Officer, said: “We are pleased to work with our trusted partner Jurong Shipyard on this second unit of the semisubmersible well intervention rig, to be named Q7000.”
The above is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2013.
The hull of the offshore construction and well intervention vessel “Polar Onyx”, built by the order from Norwegian company Ulstein Hull AS, has been launched at Shipyard Zaliv on May 31, 2013.
The hull is currently moored alongside the outfitting berth of the Ukraine-based yard and is waiting to be towed to Norway to the place of final completion.
The high-capacity vessel is designed for operations in harsh conditions and deep waters, with a length of 130 meters and a 25 meter beam. The vessel is built to the highest standard for dynamic positioning, DP2+, and is equipped with a 250t AHC offshore crane. It is also equipped with a 275t Vertical Lay System above a moonpool which is capable of installing flexible pipe and umbilicals to 3,000m water depth.
In total, during the six years of cooperation between Zaliv and Ulstein Hull AS, fourteen vessels have been built for work in the oil and gas industry.