Further Jackup Orders Placed in Asia

As drilling contractors continue to experience increasing demand for newer, more sophisticated jackups, additional orders are steadily being placed at Asian shipyard for new rigs to be built. In Singapore, Marco Polo Marine has ordered one of PPL Shipyard’s Pacific Class 400 jackups (pictured). This contract award has a value of USD 214.3 million, with the rig to be delivered in the fourth quarter of 2015. Marco Polo has options for two further jackups to be constructed. In China, Shanghai Zhenhua Heavy Industries (ZPMC) has signed two separate contracts with Lovanda Offshore and Lovansing Offshore, with each ordering one F&G JU2000E jackup for delivery around late 2016/early 2017. The total value for both rigs is around USD 400 million.